The hedge fund industry is beaten down, locking in horror performances and running away from equities … so … What will happen now??? First some quotes out of a Bloomberg article … to get a feeling, how bad it is – Hedge-fund manager David Tepper entered the third quarter with $3.1 billion of U.S. stocks [...]

Citibank still thinks, it can make things turn around by cutting jobs and slash costs … They might be EXTREMELY WRONG!!! They have to DELEVERAGE!!! WSJ today has some figures, which should make you scared!!! – Tangible assets, which don’t include goodwill or intangibles, are 55 times the bank’s tangible equity. J.P. Morgan Chase, by [...]

Markets … AFTER!!! a nice U.S. reversal … just fall out of bed … starting with Asia, now followed by Europe … around 10% down … was the rule of thumb … U.S. equity futures locked LIMIT DOWN on Globex … Reason is … how ridiculous it might sound … Mr. Roubini’s remarks yesterday on [...]

Still selling … no buyers … Emerging market domino goes on … Hungary was hardest hit today. The real problem is … IMHO … so far a lot of words, but not much action implemented by Governments and Fed. And as everybody knows, that tougher regulation will govern the markets … they have to sell [...]

What happened today? Yes, we got the expected bounce in equities … and yes, it faded soon … we had a squeeze in the last hour … surely the PPT was involved The interesting thing seems to be … as so far nothing fundamental has changed yet … investors are just dashing to the sidelines, [...]