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, […]

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 say, will […]

Exactly the moment, I really wanted to throw the towel … as I was really convinced that there is no more honesty in the U.S. …
THERE COMES … John Mack … really not the first I would have thought of … BUT … HE DECLINES TAKING A BONUS!!! Congrats to Morgan Stanley!!! My vote goes […]

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 the […]

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 it. […]

Situation:
U.S. Markets: Markets sold off big time after the FED decision to cut rates each by 25bps … Nasdaq best performer with 2,4% loss, the Russell lost 3,7% …
So, America followed the Dax, rebreaking the downtrends.
But … reading the statement and trying to make sense of it …
isn’t it positive, that the FED is […]

All eyes on the FED … but don’t we know already, what they will do?
25bps for the FED funds and maybe even more for the discount rate … the discount rate cut can be bigger as they want to have it USED … fighting against the rising interbank rates.
The outlook of the FED will be […]

My thoughts for the start of the first week of December …
Markets made an amazing recovery from the … technically spoken … point of no return … so the question remains, whether we face a correction of the correction … one more test (even successful?) to the downside … or more follow through to the […]