Discussion in 'Wall St. News' started by Daal, Nov 10, 2009.
Not big news.
The markets will brush this off with ease.
Just six days after this news and a 40% jump in stock price:
Fed Funds futures above "par" finally?
Should we buy here?
Anyway, I'd be interested to hear people's opinion on a possible Ambac failure and its fall out.
What are you talking about? "brush this off with ease"?!?!? This is "green shoots"!!!! Where the heck have you been for the last 18 monts? This means that Ambac stockholders will be free of that worrisome crap called, "capital" They will now be free to participate in other govt programs...like welfare!
An interesting question is where the banks have the Ambac-wrapped stuff marked... While I am sure that most have written their turds down to near zero (or hedged it), I wouldn't be too surprised if there are a few sneaky skeletons lingering in a few Wall St cupboards.
thanks for the news. we are guaranteed at least 300 pts upside tmrw
Futures already showing upward momentum
DJIA INDEX 10,253.00 36.00 10,231.00 10,256.00 10,228.00 19:23
S&P 500 1,095.70 3.80 1,091.80 1,097.00 1,091.80 19:42
NASDAQ 100 1,777.00 4.50 N.A. N.A. N.A. 19:17
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