And again the market plays the card of hope … After Q1 is booked … and with it some losses … Everybody is bullish and confident again (unbelievable!) Still there is NO VISIBILITY at all, how long and deep the recession might be … NO CHANGES so far in the housing market or at the [...]

Only 3 days left to trade in Q1 … What do we see? Volume dries out … volatility comes down … Bad news keeps coming in … Today … – a “profit warning” from Deutsche Bank – an Oppenheimer downgrade for financials – an Citibank settlement on Enron (expensive) – the worst new home sales [...]

Copyright by Tradestation Citibank … falling and falling … they never sleep More than reversed already ALL of its gains since the market bottom of late 2002 start 2003 … remember … DAX was below 2.300, the S&P below 900 …

Message understood … “they” are really worried … Who is “they”? The FED, the Government, all the (investment) banks who fight for survival. They fight for every(!) single day, they can hold the markets up. This might end in desaster mode … Today’s news was: – Gulf investors see more capital needed to save Citibank [...]

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 [...]

Reading the stories coming out after the SocGen MISMANAGEMENT … not a rogue trader … absolute reckless mismanagement made it happen … makes me sick!!! Where were/are all the supervising authorities??? SEC? BaFin? Whatever their name is … WHERE THE HELL ARE YOU??? Or are you all stupid underpaid bastards??? Helpless or blind? Or just [...]

Usually I like trend days, but today I did not get it until it was too late. Maybe I will adapt my rules a bit to deal better with it. There are days, when good news is bad news and bad news is even worse news Today was one of them. Early in the morning [...]

Situation: U.S. Markets: Markets closed higher on IBM and SAP earnings, the reopening of Fidelity’s Magellan Fund (which shows faith in the market), rate cut “security” and on short covering in the financials as even the worst possible news seems to be in the prices for now. Newest rumors see between 24 and 30 bln$ [...]