Volatility at its best or at its worst? Dax opened with around 70 point GAP, the high was around 200 points higher als yesterday evening’s low and we sold off below that low, around 30 points below that, only to recover after that.
EXPIRATION DAY or Masochist’s Ball
General Electric figures came in good, […]

Situation:
U.S. Markets: Sold off heavily after Ben Bernanke hinted at up to 500 bln$ losses on subrime related assets. Adding to the pressure were his remarks that he expects weak housing- and equity markets.
Bond Insurers lost around half of their value as Moody’s put outlook to negative, sparking fears of more write offs to come.
After […]

The situation remembers me to the situation in August …
Market in FREEFALL as visibility lacks … this time again … Bernanke tells congress, that up to 50%(!) of housing value could be destroyed … he thinks, that we will see weak housing and weak equity markets. As a add-on we get Philly Fed very LOW. […]

Seemingly, selling interest is BIG. Every recovery attempt is met with more than enough supply. And now we got the “GO AHEAD” from Helicopter Ben. He expects weak markets to continue. The investors say, Ok Ben … if you say so
Merill numbers were not too negative, but market took it still negative as still […]

Situation:
U.S. Markets: Volatile session closing down. Not much to say. 2nd day we closed below 1391, which is the breakout mark out of a possible broadening top in the S&P. Waiting for today’s Bernanke speech and some results.
Asian Markets: Japan stocks climb as Dollar tries to recover on ECB comments, which were interpreted as “dovish”. […]

Welcome to Volatility-Land …
20 points in the S&P or 40 in the NQ … no problem … 100 points in the Dax … whenever you want … down … up … down … and next attempt to the upside. I have to admit, that it is DIFFICULT …
No profit is save, no stop is far […]

Situation:
U.S. Markets: Markets plummet, especially after the close on Intel earnings miss. (pls. read here)
Rumours say, FED is holding an emergency meeting today! Rate cut???
Asian Markets: Japan drops again more than 2% on Yen strenghth. All of Asia down between 2% and 4% (Hongkong, which lost now close to 20% from the top).
Commodities/Currencies : […]

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 […]