Monday, November 5, 2007

What the market knows.

I have found that market participants close to wall street tend to receive market information which no one should even have access to. Case and point: Everyone knew that Chuck Prince was going to be fired on Sunday the 4th of November, three days prior to it occurring.

So when I see a company falling as fast as Ambec Financial (ABK). It makes me wonder what everyone knows that we do not, and what the CEO is not telling us. Especially after THIS
article.

Here is a video of Robert Genader (The Ambec CEO) defending Ambec while his company's stock and the general stock market were in free fall.








Chart of Ambec Financial (ABK)



(Click for larger image)

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