How many times will they be able to repeat that? Every quarter a new investor … OMG This time, the FT reports, it will be 14(!!!) bln$ fresh money and the estimates for the write offs are skyrocketing … up to 20bln$ is the guess as it is up to 15bln$ for Merill. Citibank, they [...]

Here the 2008 main investment themes as I see them … as expected … EIGHT of them 1. Housing Sector The housing sector keeps plummeting and no relief yet to be expected. November figures showed that the seasonally adjusted annual rate of 647.000 new home sales (the number is expected to be revised even lower) [...]

2008 will be a great year … in the sense of successful, prosperous year … NO, this has nothing to do, where the markets end up December, 31st 2008 1. In China, the number 8 is seen as THE lucky number. The main reason seemingly comes from the pronunciation of the word for the number [...]

As the fashion of today is setting up SWFs (sovereign wealth funds) … to save the world … or better … to convert earned dollars into knowledge and influence … HERE COMES SAUDI ARABIA … Seemingly trying not to be too far behind its neighbors … Saudi Arabia will set up the BIGGEST SWF, I [...]

China is about to allow Chinese domestic institutions to buy shares (after Hongkong) in London and New York as well … A good move as it will diversify their retirement savings and at the same time makes the Yuan more tradeable and opens up the capital market … only Problem … it is a stream [...]

As X-mas comes closer, it gets more difficult to be interested in the markets … Even more as the main themes are still the same … NO CHANGE … and it seemingly won’t change for some time down the road … Housing, subprime and recession on one side … Asian growth, splendid tech earnings and [...]

Situation: U.S. Markets: Markets managed to squeeze out a small gain, but all but convincingly so far … CPI might decide the next bigger move … Honeywell reiterated 2008 outlook and Citibank decided to take action … fired its COO and took their SIV’s on its balance sheet … late, but at least they did [...]

I watch the market since I was a little kid, reading the economics section every morning as Sports were on the other side of the newspaper and my father started every morning with the Sports section … and I trade fulltime since 1982 … so I traded the Paul Volcker markets … the whole Greenspan [...]