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19-Aug-08
Momentum in ABK and MBI
The momentum slowed today in the insurance sector with both ABK and MBI down roughly 5% at market close. With the positive earnings and profit from MBI, the run should continue. I believe the dips in financials can be a gift from God. Furthermore, I have been looking at the metals sector, mainly gold stocks and should begin to build a long position soon as I believe the metal is oversold for the moment.
Posted at 15:42 in Market Report | Permalink | Comments () | Top
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