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Well...... Can you drive a truck?

Brian Westbury is one of the worst commentators I've ever seen. Glad someone called him out, even if it had to be Cramer. Two peas in a pod.

What is going on there? Is it a circuit breaker?

It will be interesting to see how Ambac impacts the markets tomorrow. Do they drive the last nail in the coffin? Look at who's getting hurt today. The insurers are big losers. They stand to get really hurt if the bond insurers go up in smoke. Think of all the securities they hold...

It has more to do with liquidity demand than anything else. Everyone wants liquidity right now but problem is, there is no one on the other side of the trade.

Wow, just woke up. Looks like these comments had a bigger impact than expected. Throw in a little bond insurer fear and we have some real liquidity driven damage.

Well it certainly makes you wonder. The talk has turned from "there will be no recession" to "how deep" and "how long". Analysts have spouted for quite some time that China would keep growing even if the U.S. went into recession. But then again, these same clowns said subprime would be...

Certainly not off to a good start overseas: All Ordinaries -2% Hang Seng -2.9% Nikkei -3.3% Tuesday's opening seems so far away.

Here's the story: BEIJING (Reuters) - China's central bank on Sunday poured cold water on the idea that the country's economy can decouple from the United States. China's exports will be badly hit if U.S. consumption weakens, Zhang Tao, deputy head of the international department of the...

Think of all the mutual funds, insurance companies and pensions holding municipals and other bonds guaranteed by these bond insurers. Suddenly, the triple A rating goes out the window and they have to sell because they can't hold anything less than triple A. They start selling, which causes...

That's how I see it. When they mark these securities down, it should result in margin calls requiring additional selling, and maybe the next leg down.

The whole situation is very hard to understand. It was a rough week on the markets and it seems like something is looming. I'm just trying to figure out what type of effect Ambac and MBIA will have on the markets. It's a very weird time. In Canada, the Bank of Canada announces their...

Yes, Greenspan was a genius. I think he bought some globalist smartie stocks too. Oops, I forgot to put GM on that list.

You guys worry too much. Here's what you do.... Buy yourself some of those globalist smartie stocks. You know, GOOG, RIMM, AAPL, and GS. They never go down just like the economy never slows down... You can ride out any storm with globalist smartie stocks. I heard they're creating a...

So it looks like Ambac is walking the line according to this: Following S&P's downgrade, Maryland's Department of Insurance issued an order giving ACA one month to either raise the money or get long-term forbearance agreements from all its credit default swap counterparties. While the...

Here's a follow up to this story: UPDATE: Bond Insurer ACA Faces Midnight Deadline On Forbearance Pact 17:47 EST Friday, January 18, 2008 (Adds information on counterparties in seventh paragraph.) By Lavonne Kuykendall Of DOW JONES NEWSWIRES As the rest of the U.S...

Take a look at Ambac and MBIA. Both plummeted on the day with MBI -$4.18 to $9.22 and ABK -$6.73 to $6.24. If I remember correctly, tomorrow Jan. 18th is the the deadline to determine if ABK will receive a cash injection. If it's declined, there could be some significant damage to the...

I have the same stocks on my list as well. The one that has me stumped is MAA on the TSX Venture Exchange. They're developing a potash mine in the DRC as well as having other business lines yet the stock doesn't move. Beyond the political risk, any idea why this thing is lagging?

What is a globalist?

Down, down, down. Doh!