Market seems still to be in denial as there is still discussion going on, whether we are in a BEAR MARKET
At least no discussion about that in Germany or France … both indices lost 20+ % in H1 …
Here some of the DIAMONDS of the american market … with one question …
If this […]

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 investors ducked […]

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 […]

Let’s see, whether we face our “usual bump” during the last tradingdays of the month and the first trading days of the new month
It will be interesting, whether they, the PPT, make it bounce once more …
Fundamental news … ALL NEGATIVE!!!
-Consumer confidence … PLUNGING … 16-year-low
-Inflation pressure rising … despite Oil coming back […]

Unfortunately, I encounter since yesterday major electricity and internet outages
Hope to be back up soon … thanks for bearing with me!
Today’s news … ALL negative …
- BoE sees inflation for several(!) quarters above target … risk for LOWER growth … recession possible.
- Moody’s again looking at bond insurers … BE AWARE!!!
- US foreclosures […]

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 will […]

As we all know, the U.S. real estate market is facing a big crisis …
Prices are going down, the consumer is hurt and the economy starts to roll over.
But … at least the U.S. has a falling currency, which helps, and Helicopter Ben, doing until the impossible to float the boat
Even if it […]

Every day the same story … market heads south … on REAL data …
Today … retail sales … HORRIBLE … HFs going under … Bear Stearns about to go belly up
Then … a white knight appears … if it is not Heli-Ben it is one of his “a**kissers” …
Today … even two of them […]