Not always … unfortunately … but Bear Stearns’s vulture popped up today
B(rainless)S(hameless)C(riminal) CEO Alan Schwartz was on CNBC LESS(!!!) than 48 hours ago stating that EVERYTHING was ok …
And now the Company is close to being history … WHAT A JOKE …
I hope this guy gets prison time and no parachute as the […]

Oppenheimer and Goldman Sachs bring the RED INK to the financials again.
Goldman might be oportunistic as it sees cuts for Q1 but does not really change the 2008 outlook by too much … You know … HOPE is important
They expect:
- Citibank to write off a further 12 bln$
- JP Morgan to write off […]

Monthend is close … AND QUARTEREND for some of the “finest” institutions on this planet
Goldman Sachs, Lehman, Morgan Stanley and Bear Stearns all celebrate one more quarter of financial SURVIVAL
My respect
Hopefully the Ambac story came not too early for them … as most analysts already found out that it […]

Situation:
U.S. Markets: After exactly hitting major support zones, markets turned around and closed better than 1% up. Goldman and Merill predict, that US is in a recession already. Short covering ahead of today’s Bernanke speech and vague rumours od FED action today started short covering. Alcoa beat estimates and moved up more than 2% after […]

Every Trader and every Investor KNOWS it … NEVER touch a falling knive …
BUT:
Even the RICH do it …
Examples?
Bank of America bought a stake in Countrywide Financial … thinking, it was cheap … RESULT … the stock is (SINCE THEN!!!) OFF AROUND 75% …
Warburg bought a stake in MBIA, the bond insurer … […]

Situation:
U.S. Markets: Just stabilizing ahead of Fed talk this week on short covering, Techs, financials still dragging as new rumours fly about write offs and Bear Stearns CEO to be replaced.
Asian Markets: China market up, rest of the region slightly down on comments, that Yen is too low and talk that BoJ will stay put […]