As Bear Stearns went belly up, Lehman was following close … but saved themselves due to a “better than expected” Q1 report … Now … pressure mounts again … and this time … we don’t talk rumours … we talk alleged facts. Have a look on the speech by downloading it below: David Einhorn speech [...]

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 [...]

More positive signs show up for the market … Could mean that we have seen at least an intermediate BOTTOM. 1. We confirmed and held the January low. 2. A BIG name (Bear Stearns) went belly up and we still held up. This often marks the turning point. 3. Lehman stock price was able … [...]

Confidence crisis spreads!!! HSBC cuts credit rating of Lehman, Goldman and Merill … At the moment … LEH … down 33% MER … down 15% GS … down 9% C … down 8.7% BAC … down 5.5% MS … down 13% UBS … down 11% JPM … UP 1.26% … I think because of short [...]

After the quick disappearance of Bear Stearns … 2(!) $/share … WOW Now market rumours concentrate on Lehman Bros. Today’s news is that Southeast Asias biggest bank, DBS sent internal mails to its traders, asking them NOT to enter into new trades with Lehman. AUTSCH!!! In the early morning, financials get hammered so far … [...]

Monthend is close … AND QUARTEREND for some of the “finest” institutions on this planet Goldman Sachs, Lehman, Morgan Stanley and Bear Stearns all celebrate one more quarter of financial SURVIVAL My respect Hopefully the Ambac story came not too early for them … as most analysts already found out that it brings NO SOLUTION [...]

Welcome to the hopefully exciting year 2008 Situation: U.S. Markets: Very weak Friday after a very weak week. Question is: As today most people return to work, will this harsh move to the downside confirmed or did we only see wak hands selling and now … as it is “cheap” we see buying??? Bonds and [...]

And the name of the game is still … FADE THE FED … markets lost faith into Bernanke and his brotherhood … so … they SELL … Lehman figures out … 1st look good … second look … autsch … so stock trades down some 4% … Easy to trade markets … are different … [...]