As fundamentals are “out of favor” at the moment … here the chart perspective for the S&P:

Copyright by Tradestation
As you can see … the S&P started its downtrend in October 2007 and accelerated one year later into a virtual free fall.
After testing the parallel of the connection of the 2 highs (2000 and 2007), the […]

As fundamentals are “out of favor” at the moment … here the chart perspective for the DAX:

Copyright by Tradestation
As you can see, the German DAX is in a weekly downtrend since the start of 2008.
I highlighted the following areas:
1. The start of the acceleration of the downtrend.
2. The attempt to accelerate “big time” to […]

Bank of America seemingly needs to shore up its capital by 34 bln$ … WOW …
Stock price TRIPLED … and still they need around HALF of its market cap … IMPRESSING
So … at the end … reading between the lines … the first RUMOURS became true …
1. 16 out of 19 need capital … […]

Stress Tests got delayed to Thursday this week … but details seem to leak …
Interestingly … Washington Post writes today, that Wells Fargo … Warren Buffett’s “baby” was asked by regulators to shore up its balance sheet …
If Warren Buffett thinks, Wells Fargo is one of the best … what about that ALL of them […]

What happened today …
1. European markets were “magically” holding up after an initial sell-off.
2. A news agency sent out EARLY a summary for the equity market, writing that market was helped by the consumer confidence number marking a fresh 5mos. high.
3. A squawk picked up the story and mentioned, that a 5 mos. high must […]

WSJ reports, that early results of the stress test show, that FED will ask “some” banks to raise more capital.
Bank of America, Citigroup, Regional Financial Corp., Fifth Third Bancorp and Wells Fargo are being named in the article.
Most scary about it … banks want the FED to weigh their earnings power on the Q1 figs […]

Markets in panic mode today … swine flu alerts in many countries …
Some people even think, it might be a HUMAN-made-virus … even linking it to terrorist activities.
A global swine flu pandemic could cut deep into already weak economies. A further cut of up to 5% is the calculation of some intelligent people.
So … whatever […]

Have a look here … the test IS OUT … seemingly the people who should know, already know

AP stress test …