After 2 days of FED induced squeeze … rather 1 1/2 … here comes bad news from the UK Yesterday some members of the MPC cancelled trips, to monitor the situation as a spokesman of the BoE was quoted. Today, rumours fly … some hedge funds are said to be close to going under and [...]

Watch Friday’s expiration and how market fares the week after … At the moment we see a huge short squeeze especially in the Financials … I trade since 1982, but the current volatility seems to me unprecedented … Some of today’s “sparkling diamonds” 30 mins before the close … as I can’t wait … Goldman [...]

More positive signs show up for the market … Could mean that we have seen at least an intermediate BOTTOM. 1. We confirmed and held the January low. 2. A BIG name (Bear Stearns) went belly up and we still held up. This often marks the turning point. 3. Lehman stock price was able … [...]

As I wait for the FED and watch the Future ROLL in the DAX … I had time to check my blog statistics Yesterday was the 128th day since the blog started … and it was the FIRST day, I had more than 1.000 daily visitors … 1.057 to be exact Some of you were [...]

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 [...]