Situation: U.S. Markets: Sold off heavily after Ben Bernanke hinted at up to 500 bln$ losses on subrime related assets. Adding to the pressure were his remarks that he expects weak housing- and equity markets. Bond Insurers lost around half of their value as Moody’s put outlook to negative, sparking fears of more write offs [...]

Situation: U.S. Markets: Volatile session closing down. Not much to say. 2nd day we closed below 1391, which is the breakout mark out of a possible broadening top in the S&P. Waiting for today’s Bernanke speech and some results. Asian Markets: Japan stocks climb as Dollar tries to recover on ECB comments, which were interpreted [...]

Situation: U.S. Markets: Markets plummet, especially after the close on Intel earnings miss. (pls. read here) Rumours say, FED is holding an emergency meeting today! Rate cut??? Asian Markets: Japan drops again more than 2% on Yen strenghth. All of Asia down between 2% and 4% (Hongkong, which lost now close to 20% from the [...]

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$ [...]

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, [...]

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% [...]

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 [...]

Situation: U.S. Markets: Just stabilizing ahead of Fed talk this week on short covering, Techs, financials still dragging as new rumours fly about write offs and Bear Stearns CEO to be replaced. Asian Markets: China market up, rest of the region slightly down on comments, that Yen is too low and talk that BoJ will [...]