Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of MGIC Investment
So what: MGIC and fellow mortgage insurer PMI Group
Now what: It's comforting to see the stock take a break from exploring new 52-week lows, as MGIC has been doing since January. Then again, MGIC made a similar leap at the start of July based on a slightly favorable credit rating on PMI Group -- tangential news at best, and nothing to get too excited about -- only to lose it all and then some two weeks later. If you're actually investing in this sector, I hope you know something about mortgage insurance that I don't, because the industry still looks like a surefire place to simply destroy your investment dollars.