Nice snap back rallye on the last day of the quarter …
but so far only a correction …
Dax looks better …
Next 2 weeks should decide the action for the next 6 months.
Strange action today in the last minutes of trading in Google (GOOG)
Trades seemingly have been cancelled … still strange and a bit scary […]

As I mentioned … I don’t want to get involved into the Q3 end action …
And … as STUPIDITY reached new highs in the U.S. … and political Egoism stood in the way of a sound decision …
We had a BAD SHAKE OUT(a little “crash”) … down all over the board at LEAST 7%, […]

Hypo Real Estate is fighting for survival … again
The weakest of the German banks, member of the German DAX Index is said to be in talks to the authorities as it has trouble with its financing.
Cruel Monday?

Is a bottom possible??? REALLY???
I think, yes …
Why?
Here my thoughts … as you know me … a list … not necessarily in order of importance
- The reason for the financial crisis is not the housing market, but the STUPID overleverage
- House prices are back on a reasonable level, pressure still put by […]

After a totally unconvincing Conference call … things speed up dramatically at Fortis …
The WSJ says:
The future of Dutch-Belgian bank Fortis NV hung in the balance Sunday with a sale of all or parts of the company possible as talks moved to the highest level of European officialdom, according to people familiar with the […]

Not ONE single weekend without bank failures … Respect
This weekend …
U.K.’s Bradford and Bingley gets … so reports … taken over by the Government …
Parts of it might be sold off to HSBC and/or Santander of Spain …
In the U.S. … rumours say, that Wachovia will be sold by Monday morning
Wachovia is said to try […]

As Q3 end position squaring dominates and everybody is looking for a window to jump out
I don’t want to get involved …
See you next Wednesday/Thursday …
At least I think, that we will still have markets by then …
Maybe even a bailout package or a rate cut or some failed banks […]

IMHO … John McCain lost yesterday night the election …
By putting his personal interest above the nation’s interest, he fumbled the ball …
Bailout in danger as Democrats withdrew from meeting as Republicans offered a NEW plan …
STUPID!!!
In other late news, Washington Mutual failed and its assets were taken over by JPMorgan …
Does that sound familiar? […]