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 [...]

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 [...]

The UK “bailout” dissappoints … as no US mortgage related assets will be accepted and the “haitcut” is bigger (30%) than expected … so … April expiration done … what’s next? As there is NO fundamental change … whatever the press tries to tell us … We should see some selling now again … It [...]