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 mortgage insurer MBIA
So what: Like penguins and coyotes, the mortgage insurers tend to travel in packs, and that's what we're looking at today, too. What looks like MBIA making a solo move turns into a stampeding herd if you zoom out to include the last hour of the Tuesday session. In that light, MBIA peaked at a 16% gain while The PMI Group
Now what: With mortgage interest rates falling and closing fees on the rise, not to mention the Bank of America
Interested in more information about MBIA? Add it to My Watchlist.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. The Motley Fool owns shares of Bank of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. You can check out Anders' holdings and a concise bio, follow him on Twitter or Google , or peruse our Foolish disclosure policy.
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