Is a bottom possible??? REALLY???
I think, yes …
Why?
Here my thoughts … as you know me … a list … not necessarily in order of importance
- The reason for the financial crisis is not the housing market, but the STUPID overleverage
- House prices are back on a reasonable level, pressure still put by […]

They really have done it … the FED and its friends will virtually take over Fannie Mae and Freddie Mac … this is HALF the U.S. mortgage market … WOW … we talk here about 8 TRILLION DOLLARS …
What will happen now???
First: ALL TRUST in the U.S. Government and the FED should be lost […]

Pull all strings FED made it possible … the market survived another month
even bouncing
And still in bouncing mode … despite bad GNP figures out of the US today …
It is still an uphill battle, but we should see new highs … S&P above 1291 … DAX above 6616
After running out […]

NAB, National Australia Bank … came out today, stating:
- National Australia Bank said, it was setting aside an additional A$830 million ($805 million) to cover exposure to U.S. mortgages
- that the provision was on its portfolio of collateralized debt obligations, or CDOs, of securities backed by U.S. residential mortgages.
- The lender said it has […]

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 […]