Earnings reports again …
Citibank … secured financing and numbers rather better than feared … outlook not overly optimistic = down 8.4%
Merill secured financing = down 6.4%
IBM had stellar figures yesterday, so today back to the roots = down 3.48%
AAPL Mac World Address of Mr Jobs very positive, but lacked the CHINA word = down 8.38%
INTEL […]

Usually I like trend days, but today I did not get it until it was too late. Maybe I will adapt my rules a bit to deal better with it.
There are days, when good news is bad news and bad news is even worse news Today was one of them.
Early in the morning […]

Saudi Arabia, long time the most quiet and most conservative investor starts to move
State bank official was quoted yesterday, that they have to get rid of the Dollar PEG and to invest money through a SWF.
It is said, that it will the biggest SWF on the planet, even dwarfing ABU Dhabi’s 870bln$ in […]

Situation:
U.S. Markets: Markets closed higher on IBM and SAP earnings, the reopening of Fidelity’s Magellan Fund (which shows faith in the market), rate cut “security” and on short covering in the financials as even the worst possible news seems to be in the prices for now. Newest rumors see between 24 and 30 bln$ write […]