The story still drags on … but now a decision could be close.
Some thing are close to unbelievable, but true.
The troubled lender owes 50(!!!) bln $ to the BoE and still has no foot firmly on the ground. (BoA guys, read on )
But it is not the size, which makes me rub my eyes […]

Bank of America is close to buying Countrywide Financial (WSJ) … Countrywide is said to need around 4 bln$ fresh capital … AGAIN … within next weeks.
Interestingly enough, Bank of America, sits 1.5bln$ in the red on this “trade” and sees, the market cap of CFC (even after a more than 50% rise today) is […]

Funny could be the description of today’s action … if one would not lose money on it
You are right on US markets, right on central bank decisions, right on Helicopter Ben, see the US charts correctly, the FESX does nothing, which could cost you money, you read earnings well, US figures are ok … BUT […]

Situation:
U.S. Markets: After exactly hitting major support zones, markets turned around and closed better than 1% up. Goldman and Merill predict, that US is in a recession already. Short covering ahead of today’s Bernanke speech and vague rumours od FED action today started short covering. Alcoa beat estimates and moved up more than 2% after […]