Due to a business trip, next update will come Monday, 1st of December …
BTW … just read in an email, that “Riding The Dax” now exists more than 1 year … 11th of November 2007 was the start date …
Thanks for making me aware … I might have cake later
And as 1 year […]

We had BULL markets in both … an UGLY overshooting in OIL … a nailing the top in EURO …
Now a superb correction … TIME TO LOOK TO THE UPSIDE(!!!) again!!!
Here is the post … 18th of APRIL 2008
Post 18.April 2008
Now … here the charts … and the explanation …
First … OIL

Copyright by Tradestation
Then […]

All major Subprime-involved companies have been (at least partially) nationalized, taken over or left bankrupt … the only one left standing is Morgan Stanley … Congrats
We had …
Citibank … today partially nationalized …
Bear Stearns … taken by JPMorgan
Lehman … allowed to fail
Countrywide Financial … taken by Bank of America
Merill Lynch … takeover by […]

If the Fed were a normal bank, it would be close to being closed
How far the situation is out of control, an article in the new issue of Barron’s highlights:
- If the FED were a commercial lender, it would be a candidate for receivership, based on its capital ratios. Bank examiners generally view […]

Will Citibank become the 1st HIGH PROFILE VICTIM of the financial crisis?
Will this put the system to the REAL TEST???
Will that be an event, which triggers a REAL MELTDOWN???
Even a CURRENCY REFORM???
Citibank is still full of BIGHEADED OVERLEVERAGED STUPID Guys who still live in DENIAL …
Still a 60-times Leverage … Still no clue … Still […]

I like that joke, so I decided to share it with you
CHANGE happens

The hedge fund industry is beaten down, locking in horror performances and running away from equities … so …
What will happen now???
First some quotes out of a Bloomberg article … to get a feeling, how bad it is
- Hedge-fund manager David Tepper entered the third quarter with $3.1 billion of U.S. stocks and […]

Citibank still thinks, it can make things turn around by cutting jobs and slash costs …
They might be EXTREMELY WRONG!!!
They have to DELEVERAGE!!!
WSJ today has some figures, which should make you scared!!!
- Tangible assets, which don’t include goodwill or intangibles, are 55 times the bank’s tangible equity. J.P. Morgan Chase, by contrast, is 31.4 times, […]