Markets jumped out of the gates … Q2 … and more important … a new Japanese financial year … A weak Tankan report gave the security of low rates … So carry trades were put on … Yen lost more than 2% today … and equities were the winners … Trigger … bad UBS numbers [...]

Ben Bernanke prescribed medicine … but starts end of month only. Whatever these funny puppets do … TOO LATE and NOT ENOUGH!!! DOOMED TO FAIL … A pop at the open and selling off again … all the bounces create opportunities … TO SELL As long as there is NO STRUCTURAL CHANGE, there is no [...]

Markets keep trying EVERYTHING to avoid the well deserved SELL OFF Today … after facing danger falling or jumping off the cliff … Japan did it by falling around 4.5% … risk aversion trades … yawn Europe answered with its “proven” method of “gap and squeeze” … yawn The “news” which kept the markets running [...]

Funny or dangerous? Last Friday, on the public website of the Japanese Financial Services Agency, the japanese supervisory body, some announcements appeared. Teramento Corporation, a ONE-MAN-company with a capital of 7 (SEVEN!) EURO … yes, seven only, not million, not billion, not trillion announced, that it held 51% of “some” companies like Toyota, Sony, NTT, [...]

Situation: U.S. Markets: After exactly hitting major support zones, markets turned around and closed better than 1% up. Goldman and Merill predict, that US is in a recession already. Short covering ahead of today’s Bernanke speech and vague rumours od FED action today started short covering. Alcoa beat estimates and moved up more than 2% [...]

Situation: U.S. Markets: Markets managed to squeeze out a small gain, but all but convincingly so far … CPI might decide the next bigger move … Honeywell reiterated 2008 outlook and Citibank decided to take action … fired its COO and took their SIV’s on its balance sheet … late, but at least they did [...]

Situation: U.S. Markets: PAYROLL FRIDAY … THE numbers of the numbers … squeeze went on yesterday as market bets on weak data despite strong ADP numbers … and despite the Govt. proposal on the “mortgage freeze” is so far even less than hot air, market seems to be sure that FED will cut rates … [...]