Sometimes it is really unbelievable, what is happening in today’s world.
And sometimes it beats everything.
First … I thought, my English was not good enough … then … I thought, my math was not advanced enough …
But … as now some intelligent people found out EXACTLY the same, we have to put a name to […]

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 of the BIG banks […]

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

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 America and losses backstopped […]

As the bounce keeps going …
FED prolongs its “flooding” of the market with liquidity until Jan. 31st, 2009
So, we have Govt. guaranteed banks for 6 more months … at least.
After Merill Lynch threw in the towel by selling their “toxic waste” … who is next … and what will be the next focus for the […]

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 […]