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 [...]

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 [...]

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 [...]

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 how [...]

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 [...]

Extreme negative investor sentiment keeps market up, a Merill Lynch study shows: – Investors are hoarding more cash then at any time since the Sept. 11 terrorist attacks – Money managers turned “underweight” equities for the first time since March 2003 – The majority of respondents now say markets are facing a period stagflation – [...]

Reading the stories coming out after the SocGen MISMANAGEMENT … not a rogue trader … absolute reckless mismanagement made it happen … makes me sick!!! Where were/are all the supervising authorities??? SEC? BaFin? Whatever their name is … WHERE THE HELL ARE YOU??? Or are you all stupid underpaid bastards??? Helpless or blind? Or just [...]

Bond insurer ACA’s rating was slashed by S&P from A to CCC in December, but they gave them a lifeline, which expired Friday. If the CCC rating now becomes effective, it will create the next round of write offs at financials. Friday now, Fitch cut Ambac’s rating from AAA to AA. Moody’s warned last Wednesday, [...]