Ambac on review for a possible downgrade by Moody's

stock droped 35% yesterday. should gap down some more today.
Where are the bulls now?all the sudden the 'outstanding low pe low book value' stock doesnt seem so cheap
http://www.reuters.com/article/marketsNews/idUKHKG1320320080117?rpc=44
http://www.moodys.com/cust/content/...t/businesslines/financialguarantors/fg-ov.htm

 

wow down over 50% again today!

 

nice. im short mbi and i think it will go to 0

 

Not to worry. Its not like this threatens the entire financial system.

 

I laughed but it seems sadly true.