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MBIA and Paulson
Posted: February 7, 2008 at 12:43 pm by Chuck
MBIA (MBI) says they see more mark-to-market losses on securities for January. This comes after the announcement yesterday that they are selling more shares into the market, with Warburg Pincus picking up any slack. Now, someone please tell me why I listened four hours to a pep rally from these guys? Treasury Sec. Paulson says the US in NOT in a recession. The markets are swinging around again, charts look like hair-raising rollercoasters. If you are trading this mess, be extra careful protecting profits.
A couple of days next week, I’m going to list one Daytrade possibility after the close (for the next day), just to give you an idea of what I’m looking at and why.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-jpy-small.gif)
![[US Dollar Index]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
Hi Lisa, they say that when the US sneezes the rest of the world catches a cold. I believe that is still true which is why I log onto this site daily. I thought I was an OK sort of trader - don’t we all - but you have already taught me that I have been over trading or pehaps even gambling. Following your trades is giving me a far greater sence of discipline. Keep up the good work.
UK Kevin
Hi Kevin, so glad you are here! Thank you for letting us know how you are doing and that we have been of some help.