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 about […]

The Bank of England reduced rates today by 150(!!!) bps … a RECORD CUT.
ECB and SNB did 50 bps …
In a non-concerted action … they are all THAT independent …
Markets still sold off as it is regarded as hectic, too late (BoE) or NOT sufficient (ECB).
Anyway … as the crisis is far worse […]

Interesting thing today!!!
The FED announced, it will start paying interest on bank reserves.
This will open the door to take over the money market as banks don’t trust each other.
GOOD MOVE!!!
At the same time, the FED said, it will DOUBLE the “firepower” until the year end.
The FED is as well talking to the Exchanges, whether and […]

In the case that markets close here (1.260 S&P) or lower at tomorrow’s close …
And I expect that … to be honest
Then we would face a FRESH WEEKLY SELL SIGNAL in the major indices
Done with the summer holidays and back to work
New yearly lows lurking …
Expect some chart updates over […]

S&P, Dax and Eurostoxx traded a new correction high …
and by doing so, all 3 fulfilled their minimum targets …
Now it will be interesting to see, how markets fare over the next days.
Reactions to OBVIOUS things like Freddie Mac and AIG losses make it more likely to give the command back to the bears […]

Not much to say …
holiday around the globe and FED, ECB and BoE spreading their “wisdom” this week …
YAWN
The only … possible, but improbable … surprise could be AUSTRALIA … they COULD … L O W E R rates
All the rest should stick to the current levels …
ECB sounding hawkish, […]

Thanks to Mr Trichet, who sold a “one-raise-done-for-now” to the public, markets stabilized
But especially the US market did not really bounce away from the “edge of the cliff”.
The shortened session ended flat … if you want to see it positively.
So enjoy your long weekend and let’s see, what next week brings

Difficult day tomorrow … a “half day” in America with Friday being a national holiday …
And the markets are at the cliff’s edge … still balancing … but without any firm grip …
What will we see???
- the third bounce from this level … which would be very rare?
- a short lived bounce which will be […]