Rumour mill in full swing …

As volume dries out after recent swings and market action …
and Q3 end means, that LESS market participants really trade …

Rumour mill at its best …

Today … apart from the hourly “new input” from the bailout package …

We had the following rumours doing the rounds …

- HSBC will buy UBS and sell its investment banking to BNP

- MSFT will buy SAP for at least 53 Euro

- FDX will merge with Dt. Post / DHL

- JC Flowers will snap up WaMu

- Buffett to increase Munich Re stake

The reality on the other hand does not look too good … as we know

- GE warned on profits

- RIMM missed

- Home sales keep plummeting …

- Durable goods came out superweak

- new unemployment claims reached close to 500k … AUTSCH

So … it is a “Traders only” market … only positive is … despite this negative news flow the market actually rose … and … charts are cautiously looking POSITIVE!!!

3 trading days left for Q3 … TIC TOC

Tags: Dt. Post, Fedex, HSBC, Microsoft, Q3, rumours, SAP, UBS

This entry was posted on Donnerstag, September 25th, 2008 at 23:05 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.