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 [...]

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 [...]

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 [...]