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I am a retired accountant, having spent the early years of my career in the insurance industry and the later part in the field of accounting. My insurance experience has given me the willingness to accept investment risk if I feel the return justifies it; also, an interest in applying risk... More
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  • MBIA Cops Another Downgrade 0 comments
    Sep 29, 2009 01:53 PM | about stocks: MBI
    S&P cut MBIA (MBI) another notch, from BBB to BB+.  I still remember when the company starting shedding those nine A's, every loss was huge, the stock would tank, plunge, plummet, etc. 

    Market response has been mild, the stock is off 4% as I type this, and looking at a 3 month chart it is still above a rising trendline.  It has yet to give back what it gained on its last upward run.

    At this point the rating agency opinions don't mean much, Case Shiller may have as much to do with it as anything: that, and the courts. 
    Stocks: MBI
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