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 […]

Nice downrally today as many investors abondaned equity positions ahead of H1 end.
2 pieces made all run for cover …
1. Goldman Sachs recommends to SHORT Citibank and Merill because of MORE WRITE OFFS …
2. Rating agency Fitch sees a possible cash crunch in 2009 for GM and Chrysler … even rumours of an immediate filing […]

Merrill Lynch said its sees continued pressure on the U.S. equity
market in the coming months as it sees the S&P 500 Index as
less than 50% priced in for a U.S. recession that it believes
likely began in January.
U.S. Sector Strategist Brian Belski said that given the
deteriorating fundamental and macroeconomic backdrop, he
doesn’t believe the stock market has […]

Never in the history information was so freely available …
and never was it so stubbornly denied and ignored …
Everybody can be aware of the situation …
but nobody seems to care about, what is going on …
The financial industry became too big … not too big to fail …
as it finally will … but as big […]

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 […]

Or … in other words … much money … no brain
The facts … of today only …
-UBS … dissappointing figures … even after very weak expectations …
says … MORE WRITE OFFS … sees MONOLINE induced ones … AUTSCH
-FNM … worse than expected … but positive talk despite their view, housing market will […]

Earnings season in full swing … and despite in numbers seeing a whole bunch of dissappointments …
The companies, which people were most nervous about, come in on the better end
Seemingly some expectations were/are that low, that it was/is hard to beat them on the lower end.
Financials and Techs leading …
Here […]

Oppenheimer and Goldman Sachs bring the RED INK to the financials again.
Goldman might be oportunistic as it sees cuts for Q1 but does not really change the 2008 outlook by too much … You know … HOPE is important
They expect:
- Citibank to write off a further 12 bln$
- JP Morgan to write off […]