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 [...]

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 …

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]