- Difficult Day With "Puzzling" Rally
- Why Traders Won't "Touch" This Market
- Europe's Battle In The Credit Crisis
- Why The Rally Failed
- California Screamin': We Need Gov't Loan
- Traders Just Plain Confused
- Worry Is DEFLATION And GE's Credit Market Woes
- What Will Trigger A Broader Rally
- GE, Fertilizer Stocks, Truckers, Autos, And Financials
- GE, Buffett And (Finally) Moving In The Right Direction?
- Chartology: Dow 10,000
- Icahn: Back Room Deals Must End!
- Is The Worst Over?
- How Many Bullets Does Bernanke Have Left?
- Dow Closes Below 10,000
- Video: Maria Bartiromo's Market Message
- Bloggers Becoming Part Of College Football "Rankings"
- Apple's Big Mo: "Losses" Are Only Real When They Are Realized
- Bull Stampede, Tuesday?
- How Bad Can Crisis Get? Watch Credit, Not Stocks
- JPMorgan Froze Lehman Assets Ahead of Bankruptcy
- Like J.P. Morgan, Warren E. Buffett Braves a Crisis
- US Job Market Weakens in September
- Shaky Economy May Last For a While
- Reliant to Seek Strategic Alternatives
- Brazil Leads LatAm Markets Down
- Treasury Prices Storm Ahead Amid Safety Stampede
- In Money Markets, Lending Remains Non-Existent

S&P futures down 14 on the nonfarm payroll report, which showed a loss of 63,000 jobs in February and downward revisions in December and January. That's two straight months of job losses (the first two-month drop in jobs since May and June 2003).
The Fed is raising the size of the March TAF auctions to $50 billion from $30 billion. Remember, these are short term loans (28 days) and their purpose is to provide additional liquidity to the system.
Ambac [ABK
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] priced $1.25 billion of common shares at $6.75 per share (below yesterday's close of $7.42), and $250 million in mandatory convertibles, making good on their plan to raise $1.5 billion in capital. It is heavily dilutive, nearly tripling the common shares outstanding.
National Semiconductor [NSM
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] up 6 percent as earnings met expectations. National Semi also said sales in the current quarter (Q4) would range from $440 million to $460 million (estimates are about $462 million).
Short-selling positions hit a record at the NYSE during the two week period ending Feb. 29.
Questions? Comments?


