Thursday, January 31, 2008


Stocks higher after troubled bond insurer MBIA assures investors in a conference call after reporting $2 billion loss. MBIA shares up 8%.

Is it just me or has any when else noted that the stock market shows big positive swings on the most anecdotal of signals (see above) while sinking with each broad-based negative measurement? These people seem to be clinging to their DOW 30,000 dreamworld by their fingernails.

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