Barack Obama is the new president of the United States! Now we will see, whether change comes Hope dies last John McCain was only … IMHO … one time convincing … as he conceded defeat. So back to business … we bought the “rumour” … will we sell the “fact”?

Morgan Stanley issued a “full house buy signal” on European equities, as its four indicators — valuation, capitulation, risk and fundamentals — all indicate to buy. “The latest elements that pushed us there have been a capitulation among retail investors, purchasing managers and sellside analysts, as measured by record mutual fund outflows, ISM new orders [...]

Markets … after the huge BOUNCE back … seemingly are dead in the water before the U.S. election … BUT WHY??? The outcome seems clear … Barack Obama … We know, that it will be January until he will take over … So … as fundamental news gets BLEAKER every day … why are the [...]