Vacationtime
It is time to walk away to recharge the batteries …
I hope you will have or even you had already your vacation!
Take care … I see you 1st or 2nd of September!!!
All the best!!!
Oli

Markets did their minimum and … after the usual bounce around month end …
Bad news comes in …
After AIG and Freddie Mac and Allianz yesterday (old stuff) …
today a new (known) hole was presented to investors …
Citibank will have to buy back their auction-rate securities … at least 7 bln$ of losses to […]

S&P, Dax and Eurostoxx traded a new correction high …
and by doing so, all 3 fulfilled their minimum targets …
Now it will be interesting to see, how markets fare over the next days.
Reactions to OBVIOUS things like Freddie Mac and AIG losses make it more likely to give the command back to the bears […]

We patiently waited for the 2nd upmove … the expected “C” wave …
To catch it in Europe you had around 10mins … then it was a master squeeze …
Now the question is … HOW FAR ???
Only the “must have-high”? A short “C” to around 6670?
A normal one to around 6870 or even a Dax […]

Not much to say …
holiday around the globe and FED, ECB and BoE spreading their “wisdom” this week …
YAWN
The only … possible, but improbable … surprise could be AUSTRALIA … they COULD … L O W E R rates
All the rest should stick to the current levels …
ECB sounding hawkish, […]

Peace talks between Syria and Israel broke up …
and Israel reiterated that they see Iran reaching out for a nuclear bomb and said they WON’T let that happen …
USA are said to have agreed to delivering a new hightech anti missile system to Israel soon…
So Crude Oil jumps … putting pressure on markets …
The only […]