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Thursday August 02, 2007
The Opposite of Exuberance
Stock investors continued to be -- how to say this politely? -- mercurial in their responses to the credit woes in the subprime marketplace yesterday, as illustrated by the early-morning action in Ambac Financial Group's stock, which gapped down more than five points before recovering almost as quickly. It's the kind of chart that, if witnessed in municipal trading, would spark calls for SEC investigations and widespread investor-protection "reforms."
Meanwhile, not to turn this into a charting site, but ACA seems to have turned a corner after its earnings call yesterday:
Posted by bondbuyer [The Morning Read-Around] ( August 02, 2007 11:35 AM ) Permalink | Comments[0]