Tags: Ambac + Credit + FGIC + MBIA + municipal bonds + munis
Last week the credit markets seized up again when institutional investors declined to buy Muni bond and Preferred stock debt at any price. The Auction Rate Securities market is the market where interest rates are regularly re-set on long term Muni and Preferred debt
February 18, 2008 - Markets - 0 Comments
Tags: Buffet + elections + investing + Markets + monoline insurers Ginnie Mae
Warren Buffet announced his willingness to act as a re-insurer of municipal bond credit risk. So far monoline insurers have given his General Re reinsurance firm a polite, no thank you. Buffet made it clear he had no interest in the exotics. Perhaps he would consider re-insuring Ginnie Mae?
The problem mysteriously ignored in the traditional press […]
February 13, 2008 - Economy, Politics - 0 Comments
Tags: Interest Rates + investing + Markets + Stocks + Trade
The financial markets had a bad week giving back the rally ushered in by the emergency rate cuts and economic stimulus bill. Technical analysts now believe we must test the next level down or 11,500 - 11,700 for the Dow Jones Industrial Index. Given consideratino from where we came from in the last Bull Market SB […]
February 13, 2008 - Economy, Markets - 0 Comments
Tags: Ginnie Mae + Interest Rates + investing + Markets + Stocks
With the fuel of lower interest rates and a promised legislative economic stimulus plan, the markets rallied led by the financials. Expect the market now to re-test its
February 5, 2008 - Markets - 0 Comments
Powered by WordPress. Entries (RSS) and Comments (RSS).
©2008 SeriousBull. All Rights Reserved.
Recent Comments