Today is expiration day … and yesterday the Dow Jones closed at a NEW LOW, confirming the bear market. A lot of main indices (S&P, NQ, DAX) still in denial, but should follow soon. Here a fine quote of Richard Russell, editor of Dow Theory Letters: “With a great bear market [now] in force, we’re [...]

As nobody so far was able to explain the Bond-Miracle to me … I just ask you First the facts … – we will have all-time-record-supply of BONDS coming as all these daily help programs some day need to be refinanced. – printing money is inflationary … at least I heard this. – FED sees [...]

Just a short quote from the Hedge Fund Monitor … published by Merill Lynch Large Specs still long the SPX, short the NDX Note: Commitment of Traders data reflects positions as of last’s Tues close Equities: Large specs continued to reduce their significant net long position in the S&P 500 futures last week. We assume [...]

As the situation IMHO is absolutely clear … We will hit new lows in equities I try to think up a scenario, which could prove me wrong … I found one … and only ONE!!! As we could read over the weekend, the big industrial nations … thanks for the hint Mrs Merkel … agreed [...]

Here an good idea about the “new economy”. YES, WE CAN The Somali pirates, renegade Somalis known for hijacking ships for ransom in the Gulf of Aden, are negotiating a purchase of Citigroup. The pirates would buy Citigroup with new debt and their existing cash stockpiles, earned most recently from hijacking numerous ships, including most [...]

What a LOSER!!! Not only that he thought that not paying his taxes would pass unnoticed … He had to present a plan to “save the planet” … and came EMPTYHANDED!!! Talking numbers does not help … the truth … He is a LOSER … as Bernanke … NO charisma … NO market knowledge … [...]

Wait to fall I mean The only reason is … market fears to be betrayed again … So they wait for the announcements … Stimulus package and bail-out plan And then we will sell off … why? – The stimulus needs longer than everybody thinks and is smaller than the pure number shows – Bail-out [...]

After witnessing over the last days INCREDIBLE buying in equities … especially in Europe … the explanation seems to be near … “Ideas” are being spread that one of the key points of the Geithner-bailout-plan will be … a possible easing or elimination of mark to market accounting rules. So … why don’t I establish [...]