The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
U.S. stocks rallied Monday after Standard & Poor's affirmed its ratings for Ambac Financial Group and MBIA, raising hopes that troubled bond insurers will emerge from the credit market crisis on solid footing. The Dow Jones industrials rose more than 100 points. "This is essentially evidence that S&P has signed off any tentative deal," said Charlie Smith, chief investment officer at Fort Pitt Capital Group. Chris Johnson, president of Johnson Research Group, said the market continued to look for any sign that financial stocks would make it through the credit crisis. Experts believe keeping bond insurers whole will spare greater losses for major global banks and brokerages. "Even the smallest bit of positive news and the market takes off," he said. "Investors get excited if they sense a bottom in the financials because they've been the Achilles' heel of this market."
U.S. stocks rallied Monday after Standard & Poor's affirmed its ratings for Ambac Financial Group and MBIA, raising hopes that troubled bond insurers will emerge from the credit market crisis on solid footing. The Dow Jones industrials rose more than 100 points.
"This is essentially evidence that S&P has signed off any tentative deal," said Charlie Smith, chief investment officer at Fort Pitt Capital Group.
Chris Johnson, president of Johnson Research Group, said the market continued to look for any sign that financial stocks would make it through the credit crisis. Experts believe keeping bond insurers whole will spare greater losses for major global banks and brokerages.
"Even the smallest bit of positive news and the market takes off," he said. "Investors get excited if they sense a bottom in the financials because they've been the Achilles' heel of this market."
by Oui - Jul 3
by Oui - Jun 30 20 comments
by IdiotSavant - Jun 24 16 comments
by Oui - Jun 25 44 comments
by IdiotSavant - Jun 16 16 comments
by Frank Schnittger - Jun 15 14 comments
by Frank Schnittger - Jun 10 15 comments
by Frank Schnittger - Jun 6 4 comments
by gmoke - Jul 2
by Oui - Jun 3020 comments
by Oui - Jun 30
by Oui - Jun 296 comments
by Oui - Jun 2729 comments
by Oui - Jun 2544 comments
by IdiotSavant - Jun 2416 comments
by Oui - Jun 2310 comments
by gmoke - Jun 22
by Oui - Jun 20
by Oui - Jun 1916 comments
by asdf - Jun 184 comments
by Oui - Jun 184 comments
by IdiotSavant - Jun 1616 comments
by Frank Schnittger - Jun 1514 comments
by Oui - Jun 1311 comments
by Oui - Jun 1240 comments
by Frank Schnittger - Jun 1015 comments