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<< Return to page 1 - Ignoring Financials

Bulls are looking for any excuse to buy [they have a lot of cash] including isolating the entire financial sector from the investing scene. The drip, drip, drip of bad news is coming around more frequently than anyone should ignore. Bulls really have no other choice but does it make sense? I don’t think so for if MBIA (NYSE:MBI) and AMBAC (ABK) credit ratings are cut, and they should have been long ago, then a lot of you know what will hit the fan. Then taxpayers will own a lot more of that foul substance from the fan.

Frankly, I don’t know if I’ll post tomorrow since Friday should be the big day. But, if something happens that’s worthwhile, I will do so.

Have a pleasant day.

Disclaimer: The ETF Digest maintains positions in TLT and TBT.

Source: Thursday Outlook: Commodities, Emerging Markets