and how you could read it
We learn again, that it is not the news, but the expectations around it what makes markets move.
Means … if you expect the world to end … everything less is positive.
Today’s news was taken again positive as markets rebalance after the huge March expiration and ahead of the […]

Here we go …
- Bank of America buys Countrywide Financial in a stock deal for 4 bln$.
- JP Morgan is rumoured to snap up Washington Mutual or somebody else. CNBC says, they want to do something!
- Buffett is said to consider buying a troubled bond insurer.
Ok, we used to see Asian and Arab money buying […]

Bank of America is close to buying Countrywide Financial (WSJ) … Countrywide is said to need around 4 bln$ fresh capital … AGAIN … within next weeks.
Interestingly enough, Bank of America, sits 1.5bln$ in the red on this “trade” and sees, the market cap of CFC (even after a more than 50% rise today) is […]

Situation:
U.S. Markets: After exactly hitting major support zones, markets turned around and closed better than 1% up. Goldman and Merill predict, that US is in a recession already. Short covering ahead of today’s Bernanke speech and vague rumours od FED action today started short covering. Alcoa beat estimates and moved up more than 2% after […]

Every Trader and every Investor KNOWS it … NEVER touch a falling knive …
BUT:
Even the RICH do it …
Examples?
Bank of America bought a stake in Countrywide Financial … thinking, it was cheap … RESULT … the stock is (SINCE THEN!!!) OFF AROUND 75% …
Warburg bought a stake in MBIA, the bond insurer … […]

Situation:
U.S. Markets: Sold off … again … NQ down 8th day in a row … AT&T sold off around 10% on statements that it sees slowing consumer spending before closing down “only” 5%. Countrywide Financial down 28% as bankruptcy rumors fly. Today morning we see a tiny bounce on Clinton and McCain wins in primaries. […]

How entertaining TV can be … yesterday … CNBC … declared war on the housing mess … it seems to be a common thing for Americans to declare war on anything which is “disturbing” … So the program shows HOUSE FRONT …
Maria wears a matching jacket to Mozilo’s tie … how sweet …
This […]

Next week could decide the fate of the Dax … as well as other markets … (pls. see Chartcomments MONTHLY and DAILY)
We had our “holiday-related” bounce, BUT next Friday is the end of the month and a lot of data coming up, giving plenty reasons to buy or sell.
Everybody talks about …
-the retailers … […]