No change … bears are still in the market’s driver’s seat Lehman CDS settled … no big damage … but no bounce Another FED program to stabilize the market … no effect Why? – Still redemptions hit the hedge funds and others. – Deleveraging continues. – Emerging markets keep imploding … today Argentina. – Quarterly [...]

First reaction after the forced short squeeze on equities last Friday … Get out of the equity market … back into commodities … Oct. Crude expired today and had a MONSTER SQUEEZE up to above 120$ … WOW November trades still well below 110$ … These expiration related moves … as we in Germany saw [...]

Good morning … Where do I go wrong? 1. MER gets taken at a HIGH PRICE … POSITIVE 2. AIG gets loan from the FED … POSITIVE 3. LEH bites the dust … freeing the FED from this stupid automatism … BUT makes sure, assets won’t flood the markets … assuring liquidity from a lot [...]

Lehman seemingly finds NO BUYER … AUTSCH!!! Domino about to start? WSJ says, that Bank of America and Merill Lynch are in merger talks …

The WSJ reports, that talks on Lehman are going NOWHERE … AUTSCH!!! Nobody wants to invest without a Government backstop … So … question of tomorrow is … will the Government … AGAIN … change its opinion and backstop it ??? OR … will they allow Lehman to fail??? IF they let them fail … [...]

Lehman seemingly will be sold over the weekend … market cap is down to around 2,5bln$ It will be extremely interesting, who will snap them up … the list of buyers is not as short as everybody thinks … This time … we were told today … from the “everchanging-the-rules” FED WITHOUT financial help of [...]

Another one bites the dust … ??? Rumors fly as Lehman falls another 40% on WSJ article of higher losses … CDS spreads for Lehman reaches the Bear Stearns k.o. level … Rumors of today … this was the reason for the squeeze into the close … – Lehman will be taken by Bank of [...]

Announcement day for Lehman … BUT … “nothing” All they said is to be said in short words … We will do whatever saves us … we are buying time … And as nobody seems to be interested … Lehman considers: – Some fire sales – Selling a majority stake in their Investment Management Unit [...]