Unfortunately, I encounter since yesterday major electricity and internet outages
Hope to be back up soon … thanks for bearing with me!
Today’s news … ALL negative …
- BoE sees inflation for several(!) quarters above target … risk for LOWER growth … recession possible.
- Moody’s again looking at bond insurers … BE AWARE!!!
- US foreclosures […]

Markets are hesitating to move away from the current level …
So far May hast produced twice the “1-day-squeeze-2-days-sell-pattern” …
Tomorrow will be interesting as we get our deserved weekly candle …
In the S&P, 1400 is the watershed … as last week opened here …
A close below 1400 would call for more downside … the financials […]

The Americans were only thinking about it …
The Bank of England might actually do it …
Today’s FT has the following …
“The credit crisis is so severe that dozens of smaller lenders could be forced to stop offering new mortgages unless the government intervenes, leading bankers told Gordon Brown on Tuesday.
The stark warning, issued […]

We are still stuck … Market can’t rise, doesn’t want to fall …
BoE lowered rates and ECB kept them unchanged … as expected
WalMart guided higher … as Americans buy on the cheap as they face problems.
Dupont guided higher … on exchange rates.
Intel got upgraded …
At least something.
But as problems persist, highlighted by especially Goldman Sachs […]

After 2 days of FED induced squeeze … rather 1 1/2 …
here comes bad news from the UK
Yesterday some members of the MPC cancelled trips, to monitor the situation as a spokesman of the BoE was quoted.
Today, rumours fly … some hedge funds are said to be close to going under and seemingly HBOS has […]

The story still drags on … but now a decision could be close.
Some thing are close to unbelievable, but true.
The troubled lender owes 50(!!!) bln $ to the BoE and still has no foot firmly on the ground. (BoA guys, read on )
But it is not the size, which makes me rub my eyes […]

The ECB shows over the last years, that it is really a special centralbank … following the footsteps of the German Bundesbank, now an affiliate of the ECB.
The ECB is now the last “one” standing … the only one on the planet you can trust … what a difference to the BoE or even the […]

As expected … market squeezed a bit into the BoE decision (25bps cut) … and after ECB stood put … closed the gap … now it seems to be on course to consolidate down before tomorrow’s labor figures … For today, I am already stopped out … … positively … even better as George […]