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 […]

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 […]

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 […]

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 waiting for […]

Exactly the moment, I really wanted to throw the towel … as I was really convinced that there is no more honesty in the U.S. …
THERE COMES … John Mack … really not the first I would have thought of … BUT … HE DECLINES TAKING A BONUS!!! Congrats to Morgan Stanley!!! My vote goes […]

All eyes on the FED … but don’t we know already, what they will do?
25bps for the FED funds and maybe even more for the discount rate … the discount rate cut can be bigger as they want to have it USED … fighting against the rising interbank rates.
The outlook of the FED will be […]

My thoughts for the start of the first week of December …
Markets made an amazing recovery from the … technically spoken … point of no return … so the question remains, whether we face a correction of the correction … one more test (even successful?) to the downside … or more follow through to the […]