One day before the ECB meets, markets sell off as news about the financial sectors scare buyers away and bring sellers back as markets trade in the RED for 2009 … Today, Deutsche Bank surprised the markets with an early earnings report … record loss for Q4 … stock plummeted and still they are talking [...]

After the scandalous failure of Hypo Real Estate, Deutsche Bank and Commerzbank, Germany’s 2 biggest banks, calmed markets by reassuring, that their liquidity is secured until well into 2009. To be honest, this is THE LEAST, one can expect from a financial institute after the developments, which started February 2007. Financial institutes, which are still [...]

Will we now face the “financial tsunami” Deutsche Bank’s CEO Ackermann was warning us about? Or do the “betraying geniuses” have their work arounds ready? The news: Moody’s says it may cut Aaa ratings of Ambac, MBIA And the market does not fall … not yet??? Usually, if Moody’s cuts, it will be the second [...]

After the negative surprise of GE … especially after they mentioned that they got hit within the last 2 weeks of March … due to the Bear Stearns turmoil … We start to understand, why the financials start to move on to clean up their act … at least a bit. And it seems to [...]

Markets jumped out of the gates … Q2 … and more important … a new Japanese financial year … A weak Tankan report gave the security of low rates … So carry trades were put on … Yen lost more than 2% today … and equities were the winners … Trigger … bad UBS numbers [...]

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 [...]

Applause for Deutsche Bank *clap clap clap* Who thought, that there still was one BIG bank out there which you could trust? They said … NO further write downs on subprime … and YES, they don’t have more of them. They say, reason is their good risk management … MOST of their competitors had NONE! [...]