The fundamental picture is clear … what about the chart???
When will it be played out???
I think NOW(!!!) … Bears have NOW the chance to crack this market …
IMHO …
From the top, we had ONE move down … many times shortened and stopped by black magic of Ben, Hank and the boys … read: MANIPULATION
Now […]
Bondinsurers … the neverending story … we all seem to know the outcome
Here 2 things from today … trying to tip the scale … whatever Mr Paulson and Mr Bernanke will say
1. Moody’s Cuts CIFG Ratings to Junk …
reflecting the “high likelihood” that it will fall below minimum capital requirements in […]
WSJ has an article today, highlighting the not effective hedges of the financial industry due to use of uneffective hedging instruments as the ABX Indices.
Lehman is said to be the biggest victim … up to 2bln$ losses on bad hedges …
Another shoe to drop …
All these big-headed investment bankers need to go […]
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