All the last FED cuts had one thing in common … A HUGE RALLYE in equity markets ahead of the decision as everybody anticipated the move. Then after the decision, market sold off … every time … NOW … IT IS DIFFERENT!!! We go into a FED meeting not only without a rallye, but with [...]

As markets were close to collapsing … The PPT (plunge protection team) buys like tomorrow no more shares would be available After gapping below the January lows (S&P 1264), market started squeezing NORTH … Ironically, Lehman and Deutsche Bank started the buying … Now we traded above Friday’s low (1275.50) and last weeks low (1274.5). [...]

Joke of the month … Today … UBS cuts Bear Stearns price target to 2$ from 94$ … SHAME ON THEM …

Confidence crisis spreads!!! HSBC cuts credit rating of Lehman, Goldman and Merill … At the moment … LEH … down 33% MER … down 15% GS … down 9% C … down 8.7% BAC … down 5.5% MS … down 13% UBS … down 11% JPM … UP 1.26% … I think because of short [...]

After the quick disappearance of Bear Stearns … 2(!) $/share … WOW Now market rumours concentrate on Lehman Bros. Today’s news is that Southeast Asias biggest bank, DBS sent internal mails to its traders, asking them NOT to enter into new trades with Lehman. AUTSCH!!! In the early morning, financials get hammered so far … [...]