Today morning we got it officially, that the Chinese won’t finance the US mess forever … China’s national pension fund said Wednesday it plans to adjust its investment portfolio this year by lowering its investment in bonds and increasing its direct equity investments as part of efforts to cope with the global and domestic economic [...]

OMG … That is why … Read the article, I found on FT Alphaville … Sometimes explanations are easier than thought … Another example of STUPIDITY RULES

Welcome to the typical month end bounce … Interesting, that FED and Government are again more active at the end of the month Anyway … I still wait for ANY fundamental change … So … thanks to the manipulators … I enjoy the bounce Still the targets are lower … and as long as there [...]

What will the Government do with one of the bad banks …. Citibank Here an interesting calculation by Wall St. Journal … In a joint statement Monday, the Treasury and regulators said banks shouldn’t be owned by the government, and should have a high-quality capital base. For some banks, a quick way to do that [...]

AIG shows the way … and still CNBC breaks the news SCANDALOUS … American International Group Inc. said Monday that it’s evaluating “potential new alternatives” with the Federal Reserve Bank of New York to tackle the giant insurer’s problems. “We continue to work with the Federal Reserve Bank of New York to evaluate potential new [...]

Sometimes manipulation gets explained … here the last example. Just read through these excerpts of a Marketwatch.com article. After reading it, you will EVEN LESS be ready to give weight to any number which is released by the Government … Here we go … The week’s biggest report, the GDP revision on Friday, could be [...]

The latest gallows humor among Wall Street traders: It is now cheaper to buy a share in Citigroup than to withdraw cash from one of its ATMs. Citigroup’s shares closed at $1.95 apiece on Friday. Customers of other banks pay $3 to use a Citibank machine. Happy weekend

Interesting piece of thought … ChartingStocks.net As it is by far cheaper to nationalize both banks than to keep putting money in the black hole … it might be DUE …