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Can bully reverse the reversal?.....


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I see an old Stoolie fav AMBAC , the credit insurer, is in the news. Down slightly from it's 2007 $97 price to 60 cents now. The State of Wisconsin Insurance regulator is............. well, I can't quite figure it out. Some London expert on structured finance says it's a good thing. Who am I at argue.

 

“While there’s clearly significant uncertainty, the potential outcome of these actions for Ambac Assurance is positive in that it may emerge stronger and without the threat of rehabilitation hanging over it,” said Michael Cox, a structured-finance strategist at Chalkhill Partners LLP in London.

 

No word on if he believes in magic ponies too but I think yes!

 

http://www.bloomberg.com/apps/news?pid=20601087&sid=ayH.uvqClM_M

post-441-12695771693416.jpg

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Pimco’s Bill Gross Says Bonds Have Seen Best Days

March 25 (Bloomberg) -- Bill Gross, manager of the world’s biggest bond fund at Pacific Investment Management Co., said the almost three-decade bond market rally may be drawing to a close.

http://www.businessweek.com/news/2010-03-25/pimco-s-gross-says-bonds-may-have-seen-their-best-days.html

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Last week the National Association of Active Investment Managers (NAAIM) reported that 95% of active mutual fund managers are net long. This is the highest reading since October 17, 2007.

 

Investors are feeling the same way. In December, portfolio cash allocation dropped to the lowest level since April 2000, while stock allocation rose to the highest level since September 2007 (according to AAII).

 

Earlier this week, the Volatility Index – VIX (Chicago Options: ^VIX) dropped to its lowest level since July 2007.

 

On December 31, 2009, the percentage of bearish investment advisors dropped to the lowest level since April 1987, while the percentage of bullish advisors spiked to the highest level since December 2007 (according to II).

http://www.etfguide.com/research/269/8/Indicators-Most-Overbought-Since-2000-and-2007!-What-Does-it-Mean?

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Pimco’s Bill Gross Says Bonds Have Seen Best Days

March 25 (Bloomberg) -- Bill Gross, manager of the world’s biggest bond fund at Pacific Investment Management Co., said the almost three-decade bond market rally may be drawing to a close.

http://www.businessw...-best-days.html

 

Nice, he makes the call 17 months after the fact. Hey Bill, how those bonds you bought in December 2008 doing? Down 40% you say? Hey, no biggie.

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bastards are here :angry2:

Goldman Joins Race for $10 Billion Polish Asset Sales

March 26 (Bloomberg) -- New York. London. Warsaw?

The Polish capital is luring international investment banks, including Goldman Sachs Group Inc., the world’s most profitable, as the government prepares record share offerings this year.

http://www.bloomberg.com/apps/news?pid=20601095&sid=azRaYGhIs3Z8

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Precious Metals Update 3/26/10 – Professional Edition

March 26, 2010 By Lee Adler Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.

 

 

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Price: $49.00

 

 

 

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I just completed running my screen/scan and had a very large list, the scan captures "high quality" stocks that are temporarily beaten up with the general market downturn. For the last couple of months I was getting hardly any stocks in the scan. Usually a few days, 5-10 days, of such large lists marks the short-term bottom. So we may have a few more days of weakness in the market. This has no predictive power, just have to play the risk/reward trade-off. We can get even longer list in future :o . Long lists for a few days rewards are better going long/short lists for a while means rewards are skinner and risk is greater for longs.

Just wanted to share with the stoolies .... ;)

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