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 be AWFUL!!!
Citibank […]

We are still stuck … Market can’t rise, doesn’t want to fall …
BoE lowered rates and ECB kept them unchanged … as expected
WalMart guided higher … as Americans buy on the cheap as they face problems.
Dupont guided higher … on exchange rates.
Intel got upgraded …
At least something.
But as problems persist, highlighted by especially Goldman Sachs […]

More positive signs show up for the market …
Could mean that we have seen at least an intermediate BOTTOM.
1. We confirmed and held the January low.
2. A BIG name (Bear Stearns) went belly up and we still held up. This often marks the turning point.
3. Lehman stock price was able … after virtually halfing yesterday […]

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The “white raven” … Goldman Sachs … known as Helicopter Ben’s troops
Even them are bleeding … lost so far around 50% of their gains since the market bottom of late 2002 start 2003 …
remember … DAX was below 2.300, the S&P below 900 …

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 write off […]

Monthend is close … AND QUARTEREND for some of the “finest” institutions on this planet
Goldman Sachs, Lehman, Morgan Stanley and Bear Stearns all celebrate one more quarter of financial SURVIVAL
My respect
Hopefully the Ambac story came not too early for them … as most analysts already found out that it […]

Once upon a time there was a large UK based lender called Northern Rock …
It had a stupid business model and failed acordingly …
Everybody tried to find a buyer … Goldman Sachs advised the Government … but not even THEM wanted to make a decent bid
So the ashamed Government had to take […]

The situation remembers me to the situation in August …
Market in FREEFALL as visibility lacks … this time again … Bernanke tells congress, that up to 50%(!) of housing value could be destroyed … he thinks, that we will see weak housing and weak equity markets. As a add-on we get Philly Fed very LOW. […]