MBI

Why the foreclosure fraud mess is good for these guys, I don';t know, but apparently it is, because this thing broke out on huge volume today. The technicals, however, were ripe for a breakout, so I shouldn't be all that surprised. The only thing here that concerns me is the deeply red CMF, which may indicate big money selling into strength. As I said in the industry post, I don't care how good the chart is, anything real estate related is radioactive as far as I am concerned.