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 [...]

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 [...]

Today we completed the THIRD(!) 10% bounce for the markets in 2009. And guess what? … YES, I’m going to fade it … AGAIN. We might have some air still left, BUT most of the bounce is done IMHO. So … nice and smooth I will start to SELL any intraday “spike” or overbought levels [...]

Interesting piece of thought … ChartingStocks.net As it is by far cheaper to nationalize both banks than to keep putting money in the black hole … it might be DUE …

Today … another round of scary reports … Bank of America and Citibank lost “some more” billions Bank of America had to take 20bln $ MORE(!) help from the always giving U.S. Govt. and got backstopped on just around 120 bln $ … following in the footsteps of Citibank … IMHO … this means TWO [...]

Lehman seemingly finds NO BUYER … AUTSCH!!! Domino about to start? WSJ says, that Bank of America and Merill Lynch are in merger talks …

Another one bites the dust … ??? Rumors fly as Lehman falls another 40% on WSJ article of higher losses … CDS spreads for Lehman reaches the Bear Stearns k.o. level … Rumors of today … this was the reason for the squeeze into the close … – Lehman will be taken by Bank of [...]

Markets did their minimum and … after the usual bounce around month end … Bad news comes in … After AIG and Freddie Mac and Allianz yesterday (old stuff) … today a new (known) hole was presented to investors … Citibank will have to buy back their auction-rate securities … at least 7 bln$ of [...]