Dow Jones … 9 days from 11k to 10k 2 days from 10k to 9k So tomorrow 8k and Monday open 7k??? This is not a prediction … just to show you … accelerating fall = CRASH Where it will stop? I don’t care … I will see it … guessing could cost more than [...]

Market meltdown continues … Why keeps the market falling? 1. No short sellers have to cover 2. As long as none of the announcements is implemented … nobody buys … 3. Nationalization of financial companies equals LOWER prices as equity will be diluted … 4. If you “jump out of the window” … you don’t [...]

Despite all central banks and Government MOVE now … so far nothing helps … WHY? – No short sellers have to cover – Who jumps out of the window, does not return – No confidence still as everybody waits for implementation rather than announcements – Earnings season started and everybody is afraid now – Paulson [...]

The U.K. was the first to nationalize a bank … Northern Rock … NOW they step in to “nationalize” at least partly the “former big” banks. Market talk is, that tomorrow BEFORE markets open, an announcement from Mr Darling will be made. Talk is, that the UK Govt. will take stakes in RBS, Barclays and [...]

As Fed and European CB’s still fumble around … market melt down continues … Dow and S&P closed below their “round” levels … Panic mode … no brain … just getting out of positions … deleveraging … An old bear market saying is: Today’s bids are tomorrow’s offers … B U T Volkswagen did it [...]

Today morning, Australia (100bps) and India (50bps) cut their rates, Japan stuck to its already low rates. So hopes rise to see some more action this week. Pimco’s Bill Gross recommends that the FED should cut rates down to just 1 % in October.

Interesting thing today!!! The FED announced, it will start paying interest on bank reserves. This will open the door to take over the money market as banks don’t trust each other. GOOD MOVE!!! At the same time, the FED said, it will DOUBLE the “firepower” until the year end. The FED is as well talking [...]

The new guy on the block … The one who should technically supervise the “big bailout” … Mr Kashkari … I like his name as his main duty will be a huge cash & carry operation So he has my vote! And as ALL of them … he worked before for … GOLDMAN … We [...]