No change … bears are still in the market’s driver’s seat
Lehman CDS settled … no big damage … but no bounce
Another FED program to stabilize the market … no effect
Why?
- Still redemptions hit the hedge funds and others.
- Deleveraging continues.
- Emerging markets keep imploding … today Argentina.
- Quarterly earnings are not good enough to get […]

Market enjoys a relief rallye after the October expiration is out of the way …
Ben and Hank keep talking bullish and keep the market on recovery course.
Interbank lending relaxes as well.
Dax held back by Volkswagen, so underperforming the FESX by more than 2% …
Barron’s highlighted the “slight outperformance” of VW
They write about VW […]

Buy American. I Am.
By WARREN E. BUFFETT
Omaha
THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue […]

Reasons:
- We had now an EXTREME Sell Off.
- We had a RECORD VIX reading AND(!) today a higher reading, not confirmed by lower prices.
- The VIX made a reversal today … after hitting 81(!!!) we closed at 67.
- Breadth readings are at all time low.
- Today, EVERYBODY I talked to was bearish.
- The DAX Cash […]

The best CB news I read recently

From the open … until the close … SELL pressure …
JPMorgan, Wells Fargo, Coca Cola … all better … all did not matter
All economic data was weak … Beige Book superweak
Friday expiration … let’s see, who still has to sell because he sold puts “riskfree”
Key for the market seems to be the Lehman […]

Anybody as happy as these guys here???
Look at them … Like boys, who broke the banks and hope, nobody finds out

To be honest … looking at them makes me SICK!!!
Market is back into the RED … and what do I have to see???
They start PRAYING already … have a look …

After the WORST week in the history of stock markets …
We had the best day in the history of stock markets … at least here in Europe …
Japan closed? U.S. partially off? The more we rise …
Volatility is here to stay … at least a bit …
Let’s see, what’s up next …
Friday … option expiration […]