Sometimes … the market makes me smile
Why does the market makes me smile?
Because it is falling? NOOOOO …
The reason is the difference about real reasons … and what the media tells us 
Here comes the last example …
Last Thursday, markets were squeezing higher and totally ignored the bond insurer downgrades …
Since then … without being recognized in the media … markets sold off …
Around 70 S&P points … not bad …
Look at Lehman … everybody thinks, they raised capital at around 28$ (today’s closing price: 23,65$)
But as the deal closes tomorrow … rumours say, conditions might have to be changed … AUTSCH!
Merill was out today, “reassuring” the market about its strong financial position … Sure … I’m not interested
Be aware, that we are approaching the quarterly futures and options expiration …
many times the manipulators “saved” the markets by lowering rates or bending the rules …
this time, they could be in trouble …
DON’T TRY TO CATCH THE FALLING KNIVE!!!
Tags: bond insurers, expiration, Lehman, manipulation, Merill
