Fitch and Moody’s had negative comments last week … now S&P puts Oil into the fire … Be aware … tomorrow they will hold a conference call about the following press release … I don’t think, we will see anything positive … NEW YORK (Standard & Poor’s) June 2, 2008–At the conclusion of its review [...]

A total of EUR791 million was borrowed in overnight funds at the 5.00% penalty rate as of Sunday, the European Central Bank said. AUTSCH … UK lenders sold off heavily as Bradford and Bingley (down more than 23%) came out with a profit warning … Northern Rock replayed??? HBOS were down more than 11% as [...]

Watch out for next weeks action as we prepare for the JUNE FUTURE EXPIRATION … Over the last days, markets seem to be rising again … against all news one finds Today’s masterpiece … and nobody noticed it … According to Bloomberg news, Moody’s has a new ratings unit !!! An analytical team which operates [...]

No, I’m not talking about RECORD falls in house prices … Yesterday, S&P downgraded a huge bunch of so called Alt-A MORTGAGE- backed securities … NEW YORK (Standard & Poor’s) May 28, 2008–Standard & Poor’s Ratings Services today lowered its ratings on 1,326 classes of U.S. residential mortgage-backed securities (RMBS) certificates issued in the first [...]

Never in the history information was so freely available … and never was it so stubbornly denied and ignored … Everybody can be aware of the situation … but nobody seems to care about, what is going on … The financial industry became too big … not too big to fail … as it finally [...]

WSJ has an article today, highlighting the not effective hedges of the financial industry due to use of uneffective hedging instruments as the ABX Indices. Lehman is said to be the biggest victim … up to 2bln$ losses on bad hedges … Another shoe to drop … All these big-headed investment bankers need to go [...]

The credit crunch is far from over, according to Oppenheimer & Co. banking analyst Meredith Whitney … She sees consumers defaulting and an accumulation of these defaults will appear on the balance sheets of our “beloved banks” … She is quoted as follows: “Just as strained liquidity pushed so many small and mid-sized specialty finance [...]

Markets are hesitating to move away from the current level … So far May hast produced twice the “1-day-squeeze-2-days-sell-pattern” … Tomorrow will be interesting as we get our deserved weekly candle … In the S&P, 1400 is the watershed … as last week opened here … A close below 1400 would call for more downside [...]