Today morning we got it officially, that the Chinese won’t finance the US mess forever …
China’s national pension fund said Wednesday it plans to adjust its investment portfolio this year by lowering its investment in bonds and increasing its direct equity investments as part of efforts to cope with the global and domestic economic downturns.
The […]

Is a bottom possible??? REALLY???
I think, yes …
Why?
Here my thoughts … as you know me … a list … not necessarily in order of importance
- The reason for the financial crisis is not the housing market, but the STUPID overleverage
- House prices are back on a reasonable level, pressure still put by […]

Governments around the globe step in to turn markets around …
And … they do it on EXPIRATION DAY … again!!!
U.S.:
- considering buying back mortgage debt investing around HALF A TRILLION(!!!) US$!!!
- considering setting up a NEW agency to buy into the financial sector
- SEC considering BAN OF SHORT SALES!!!
UK:
- bans short sales!!!
China:
- eliminates tax […]

If (!!!) you wondered, what made the market come back a bit today … what made bonds coming off … what made Fannie Mae and Freddie Mac tank towards the end …
Here is the explanation … coming in an article of the WSJ , the mother of all insiders
Monster manipulation … sizewise … […]

Goldman hikes their forecast for the average price of crude oil for H2 2008 …
from 107 to 141(!!!) $ …
If they are right … equity markets should suffer BIG time …
Even if retail sales rise … on gasoline sales
Reason for the Goldman action is higher demand from China due to the earthquake, […]

Today’s news release :
BEIJING (Dow Jones)–China’s domestic banks can invest their clients’ funds
in the U.S. stock market under an agreement with the U.S. Securities and
Exchange Commission, the China Banking Regulatory Commission said on its Web
site Monday.
The agreement marks a further expansion of China’s Qualified Domestic
Institutional Investor program, under which qualified financial institutions
are allowed […]

Even the European equity markets give up today, selling off around 7% (!!!) on an US holiday … wow
We were not able to go that low last year on very bad news and more uncertainty, now … seemingly ready to have a bounce after 3 down weeks to get the year started, the market jumps […]

Situation:
U.S. Markets: Ended the week down up to 2% despite BoA taking over Countrywide Financial. Over the weekend speculation about new capital inflow for financial institutions from SWFs. Chinese and Arab buyers lining up, especially for Citibank and Merill Lynch. (pls. read my posts here) and here Rumours fly about the possible write offs, […]