F Fund

MBIA Offering $750 Million in Stock
Bond insurer MBIA Inc. said it will issue $750 million in common stock as it struggles to try and maintain its crucial "AAA" financial strength rating. MBIA will offer about 50.3 million shares of common stock -- at about $14.91 per share -- to raise the funds, which it will place in reserve to cover potential future claims. Warburg Pincus, which has already directly invested $500 million in MBIA, will backstop the offering in exchange for preferred stock, covering shares not sold in the sale.
http://biz.yahoo.com/ap/080206/mbia_stock_offer.html?.v=3
 
Looks like a bad day for the F.
The 10-year note is down 36 ticks;yield isup to 3.70%.

Yield is up to 3.77

Horrible day.. Sucks to be in F

Yup, stupid Fed Fisher comes out talking about the Feds spiking the punch bowl with tequila(cutting rates too fast), causing the TNX to break out of the bullish flag, which screwed me big time. What a dumbass. Consumers are hurting and he comes out with this BS, causing interest rates to go up. Where do they find these idiots?:mad:
 
Yup, stupid Fed Fisher comes out talking about the Feds spiking the punch bowl with tequila(cutting rates too fast), causing the TNX to break out of the bullish flag, which screwed me big time. What a dumbass. Consumers are hurting and he comes out with this BS, causing interest rates to go up. Where do they find these idiots?:mad:

Don't forget your favorite Kroszner (spelling?) is awaiting confirmation :rolleyes:
 
Yup, stupid Fed Fisher comes out talking about the Feds spiking the punch bowl with tequila(cutting rates too fast), causing the TNX to break out of the bullish flag, which screwed me big time. What a dumbass. Consumers are hurting and he comes out with this BS, causing interest rates to go up. Where do they find these idiots?:mad:


God if I know... But I'm going to take a hit today.
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I'm going to leave my 50% in and DCA my way out of this Crap.
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We have not seen a low on this 10 year yield yet... No Biggy.... :D
 
They can only fudge the consumer market figures and numbers for so long to suit their agenda(s). The technical damage to our USM's is pretty bad. From a timing standpoint; today was a bad day to play. Long term diversified for this year... it's a fairly OK place considering; IMO.
Yup, stupid Fed Fisher comes out talking about the Feds spiking the punch bowl with tequila(cutting rates too fast), causing the TNX to break out of the bullish flag, which screwed me big time. What a dumbass. Consumers are hurting and he comes out with this BS, causing interest rates to go up. Where do they find these idiots?:mad:
 
I know, everytime I make a move one of these XXXX (talking?) heads open their big mouths and I lose. I have such a talent!!:laugh:
 
You have to admit... all these clowns in all three rings are all putting on quite a show to fend off a USM panic sell off. I just hope we are all where we want to be before it happens... and sticks.
 
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