with Oli | Strategies

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Will THAT be the BOTTOM???

Good morning …

Where do I go wrong?

1. MER gets taken at a HIGH PRICE … POSITIVE

2. AIG gets loan from the FED … POSITIVE

3. LEH bites the dust … freeing the FED from this stupid automatism … BUT makes sure, assets won’t flood the markets … assuring liquidity from a lot of the BIG banks …POSITIVE

We are down 3%!!!! ??????
And ALL markets … despite small Australia were CLOSED today!!!

THIS COULD BE THE BOTTOM :) ????

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This entry was posted on Montag, September 15th, 2008 at 06:19 and is filed under FDAX. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

10 Responses to “Will THAT be the BOTTOM???”

  1. NOR Says:
    September 15th, 2008 at 17:42

    no way
    sure comes a spike during the week
    but this ship is going down

  2. Oli Says:
    September 15th, 2008 at 19:11

    I covered all my shorts … and daytrade with a positive attitude … not holding positions, but rather buying dips than selling the spikes …

    IT COULD TURN … COULD … We will see … as I am technical … NO PROBLEM to hit it, if it falls further … :)

  3. Superoggo Says:
    September 15th, 2008 at 21:26

    It just begins. Now all supports are broken. And only chance is false downside break.

  4. Superoggo Says:
    September 15th, 2008 at 21:26

    for the longs ;-)

  5. Oli Says:
    September 15th, 2008 at 21:47

    Bearish, my friend? :)

  6. Superoggo Says:
    September 15th, 2008 at 22:03

    yes and no. This is the strangest world I have been in. Banks falling like flies. I have portfolios of commercial real estate 15% p.a. yield offered. I have business developement Cos portfolios 1st class 280 Cos 10 billion Cap 20%+ offered.

    And Trichet?: “It doesn´t make sense to lower the interest rate. Folks these days pay any price. The problem is to get them liquidity not the yield of.”

    I am not too bearish but small long in excellent companies outside the core banking biz and losing money. Those stocks I own should already have turned upwards 20-30% higher. Feeling sad. Staying long.

  7. Superoggo Says:
    September 15th, 2008 at 22:12

    Thought they would do it like the Chinese did. All banks bancrupt. Happens from time to time ;-) Let them stay on the governments´ bill or at least protect them from being fleaced and wait for the next upturn.

    Thought an ex-Goldi-CEO would know how to manage this situation. Hank is an idiot and his whole bunch of GOP succers too. The future price of what we are seeing now will be extreme. As banks fail and you can loose everything within a short glimpse. How else value them as extremely leveraged hedge funds. Result: You want prop capital for a bank. O.k. 30% p.a. + The social costs thus will be a lot, a big lot higher as the price for risk capital for banks will adjust to the risk.

  8. Oli Says:
    September 16th, 2008 at 07:51

    Right you are :) Let’s see, what Hank has up his sleeve …

    What about a 1%(!!!) cut today? ;)

  9. Superoggo Says:
    September 16th, 2008 at 08:12

    Won´t happen. Lots of folks I hear are looking for that. Means: If no rate cut further crash.

  10. Oli Says:
    September 16th, 2008 at 08:35

    If you(!) say so :) :) :)

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