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 [...]

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 [...]

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. [...]

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

Market found support at first meaningful supports, showing that still many people are “underinvested”. Whether it is the cheap money from the FED or the “not-to-beat” negative expectations for the current earnings … people still moving into a market which is extremely overbought. Some people see it as the most overbought situation of the last [...]

Check here: 16 of 19 banks technically insolvent! AUTSCH!!! Take care! Oli EDIT: US treasury DENIES that stress tests are available … 15 mins before US open EDIT: Read here … Treasury LIES again …

I wish you all a happy and peaceful Easter holiday! I will be back, April 21st. Take care Oli

After the HUGE 4-week-rallye … we face a bit of “profit taking” … tomorrow Alcoa opens the earnings season. And after this huge run up … a lot of dissappointment could be in the cards. Even if the quarterly earnings are ignored, the outlook could hurt prices a lot. What should we expect? A 38% [...]