Keep on whisteling … DUCK AND COVER …
After Bloomberg filed a lawsuit to get information from the FED, to whom they are lending its 2 TRILLION $ loans …
Some people cared, listing the so far agreed “bailout sums” …
Yes, $3.45 trillion has already been spent, as Bailoutsleuth.com details:
$2T Emergency Fed Loans (the ones the Fed […]

DECLARATION ON A CONCERTED EUROPEAN ACTION PLAN OF THE EURO AREA COUNTRIES
1) Financial systems contribute essentially to the well functioning of our economies and are therefore a necessary prerequisite for growth and a high level of employment. Millions of depositors have trusted their wealth to our financial institutions. The consequences of the current financial market […]

How many announcements can one weekend bring???
I just try to list the NEWS (not necessarily in order of importance):
- German Bailout Likely to Be Over $400 Billion, injecting capital into banks and even guarateeing interbank lending
- Euro-zone governments to issue guarantees and insurance, to buy stock in needy companies, to issue qualifying capital to financial […]

October got out of the blocks slow and not too interesting …
as many countries had holidays and everybody waits for the Bailout package vote and the October payrolls …
All in all … before next Monday it is not investors but traders who move the markets.
Be aware!

Is a bottom possible??? REALLY???
I think, yes …
Why?
Here my thoughts … as you know me … a list … not necessarily in order of importance
- The reason for the financial crisis is not the housing market, but the STUPID overleverage
- House prices are back on a reasonable level, pressure still put by […]

Not ONE single weekend without bank failures … Respect
This weekend …
U.K.’s Bradford and Bingley gets … so reports … taken over by the Government …
Parts of it might be sold off to HSBC and/or Santander of Spain …
In the U.S. … rumours say, that Wachovia will be sold by Monday morning
Wachovia is said to try […]

IMHO … John McCain lost yesterday night the election …
By putting his personal interest above the nation’s interest, he fumbled the ball …
Bailout in danger as Democrats withdrew from meeting as Republicans offered a NEW plan …
STUPID!!!
In other late news, Washington Mutual failed and its assets were taken over by JPMorgan …
Does that sound familiar? […]

Markets wait for the bailout package … especially the TIMING
End of Q3 comes closer and seemingly, market still is long and has to deleverage …
First 2 weeks of October might set the tone for the remainder of 2008.
Be aware, that during the last days of Q3 we might see some winding down of positions as […]