Back to reality?
2 days of a bounce … that seems to be everything, one can ask for …
After the close market was reminded that …
- Financials are still not over it … Merill numbers were BAD … today we await Citibank …
- Even Techs can miss again … Dollar weakness alone does not let earnings […]

It is getting funny … at least close to it …
We already play the game … wait for a technical SELL signal … than try to guess the news/rumour, holding up the market
But even the news/rumour doing it is getting less and less significant every day … desperate anybody???
Last 3 days were up … […]

Situation:
U.S. Markets: Sold off heavily after Ben Bernanke hinted at up to 500 bln$ losses on subrime related assets. Adding to the pressure were his remarks that he expects weak housing- and equity markets.
Bond Insurers lost around half of their value as Moody’s put outlook to negative, sparking fears of more write offs to come.
After […]

The Dax wants to go better, but is still held back.
IBM and SAP with strong earnings, but Credit Suisse cuts Europe to underperform and hikes US markets to outperform. First such move in a decade. So all in all a stabilizing day. Let’s see tomorrow, whether we can break the short term downtrend. Earned […]