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 [...]

… at least for now … but most certainly will The reason is: People don’t (want to) understand, what is going on. A classical case of desinformation and DENIAL. Like seeing light at the end of the tunnel and not realizing, that it is a STEAMTRAIN … So far, any bubble was explainable and feelable. [...]

As the Fed reduces rates at panic pace, markets still are not going higher. Investors seem to realize, that the landscape has changed. Not one single day passes without earnings revisions to the downside or record write offs. The economic climate gets rough. Even good figures like today’s ADP number create only a short lived [...]

Fed decision tomorrow … and all eyes on Ben Bernanke … known as Helicopter Ben We waited for January and hoped for 50 bps … fantasized of 75 bps … got them already (thanks to SocGen) and … ??? YES … market has priced in quite fully a further 50 bps rate cut … OMG [...]

It could be so “easy” … We understand, that the FED is fighting to keep the air in the stock market. Because the economy might not be able to withstand the double whammy HOUSING and EQUITIES down the drain. If I get the Barron’s story on MBIA right (pls. read here) , the problem could [...]

Ben Be(a)rnanke should change his name in BULLnanke Markets sell off, interest rate cut Markets don’t go up? PPT acts. Another proof, that the situation is highly WORRYING as the professor who always said, he would let the numbers decide and not listen to the voice of the markets, CUTS again!!! The second(!) time between [...]

Situation: U.S. Markets: Sold off heavily after Ben Bernanke hinted at up to 500 bln$ losses on subrime related assets. Adding to the pressure were his remarks that he expects weak housing- and equity markets. Bond Insurers lost around half of their value as Moody’s put outlook to negative, sparking fears of more write offs [...]

The situation remembers me to the situation in August … Market in FREEFALL as visibility lacks … this time again … Bernanke tells congress, that up to 50%(!) of housing value could be destroyed … he thinks, that we will see weak housing and weak equity markets. As a add-on we get Philly Fed very [...]