U.S. market action is becoming ridiculous … if you thought, this happens only in the 3rd World, read on
Every(!) fundamental indicator shows it and every objective newswatcher knows, that we ARE IN RECESSION mode … everybody knows, that we ARE IN A CREDITCRUNCH, everybody knows, that STAGFLATION LOOMS …
SO how do you […]

As markets keep swinging intraday with high volatility, but low trend intensity, here my idea, looking at a daily chart.

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As you can see, we had a downmove of around 1.900 Dax points … now we keep consolidating within a bearflag formation.
So far we only corrected 38.2% which is quite bearish. We don’t even […]

After polical pressure mounts to split monoliners into a good insurer/bad insurer-model and FGIC already working on it, MBIA and Ambac seem to follow the same path.
Makes policymakers happy as their muni bond business can go on without being hurt, but should make investors worry, who will be hurt as banks will have to disclose […]