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Near Term Over Bought -Or Are We?
http://upsidetrader.blogspot.com/ 2008/ 02/ near-term-over-bought-or-are-we.html
Ambac to the rescue again after S&P reaffirmed their AAA rating. If they are triple A then I am quadruple A. What a joke, it seems like these rating agencies will do anything to prevent what they perceive as a disaster if the ratings get cut. Their credibility is in the crapper anyway,where were they a year ago when we really needed them? Oh, I forget, getting paid by the very guys they insure. No conflict of interest there, ya think? Anyway, as I said yesterday, everybody is still leaning short so we get these vicious moves. I wouldn't want to be too long in here because we have had a lovely jump from Fridays lows.
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