Countrywide Soars After Big Loss

"Beleaguered mortgage lender Countrywide Financial Corp. reported Friday its first quarterly loss in 25 years, a reflection of the turmoil in the credit markets that's roiled financial-services companies in the U.S. and elsewhere. However, Countrywide's shares surged more than 13% in morning trading after the company said it expects to return to profitability." -- You're kidding, right? It is getting very late in the game to be making sanguine calls like this. But hey, once you get called on making "false and misleading statements", why stop until you have to?