Or … in other words … much money … no brain The facts … of today only … -UBS … dissappointing figures … even after very weak expectations … says … MORE WRITE OFFS … sees MONOLINE induced ones … AUTSCH -FNM … worse than expected … but positive talk despite their view, housing market [...]

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 [...]

After only one week into Q2, markets look tired … First earnings, which came in, really couldn’t excite traders or investors. European equities getting sold on UK figures and a “NO CUT” rate outlook for main Europe. US equities already under pressure as buying runs out … and that even before having tested the decisive [...]

And again they change the rules … incredible but true … Just click BELOW for the article … Copyright by Barron’s Barrons online … One of the MUST-READS!!!

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 [...]

Confidence crisis spreads!!! HSBC cuts credit rating of Lehman, Goldman and Merill … At the moment … LEH … down 33% MER … down 15% GS … down 9% C … down 8.7% BAC … down 5.5% MS … down 13% UBS … down 11% JPM … UP 1.26% … I think because of short [...]

Oppenheimer and Goldman Sachs bring the RED INK to the financials again. Goldman might be oportunistic as it sees cuts for Q1 but does not really change the 2008 outlook by too much … You know … HOPE is important They expect: – Citibank to write off a further 12 bln$ – JP Morgan to [...]

… at least for now … but most certainly will The reason is: People don’t (want to) understand, what is going on. A classical case of desinformation and DENIAL. Like seeing light at the end of the tunnel and not realizing, that it is a STEAMTRAIN … So far, any bubble was explainable and feelable. [...]