We now seem to face the payroll denial after we had/have the subprime denial and the home sales denial …
or is that part of the brain washing and the manipulation?
The subprime denial …
it started with a “contained situation” and a maximum(!) 100bln$ of POSSIBLE losses for the industry …
The count is now […]

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 numbers in 13 years
- an Oracle “miss” after […]

and how you could read it
We learn again, that it is not the news, but the expectations around it what makes markets move.
Means … if you expect the world to end … everything less is positive.
Today’s news was taken again positive as markets rebalance after the huge March expiration and ahead of the […]