Monday, February 25, 2008

Stocks rise on Ambac, MBIA ratings

I cannot see anything to get excited about on the long or short side. Nothing special on volatility indexes or PCR that I can see, and stock charts also not that appealing. It's going to be an exciting week anyway with some significant economic news coming... in the meantime, "U.S. stocks staged their biggest rally this month after Standard & Poor's kept AAA debt ratings for the nation's largest bond insurers, easing concern credit losses will extend the worst earnings slump since 2001." - Bloomberg.com

3 comments:

Anonymous said...

so if a recession is here, someone explain to me why the energy stocks are shooting to high heaven they are coming up to all time highs!

matt c. said...

"so if a recession is here, someone explain to me why the energy stocks are shooting to high heaven they are coming up to all time highs!"

inflation.

hunter said...

gold based