As Oil drops a bit … as expected, if you are a reader of my blog …
RUMOURS FLY … to find an explanation for the move
Newest rumour … coming from an U.S. investment bank …
U.S. Senate to propose limits / curbs for “speculative” oil trading … some even think, it could prohibit […]

Please be aware, that Goldman finishes its Q2 end of the month … and if I’m not mistaken, Lehman and Morgan Stanley as well …
SO … in the case you wonder, why Oil is flying and stocks are leaking …
Think about, who could be behind the move?
Guessed it?
You said GOLDMAN???
You win the price … […]

Goldman hikes their forecast for the average price of crude oil for H2 2008 …
from 107 to 141(!!!) $ …
If they are right … equity markets should suffer BIG time …
Even if retail sales rise … on gasoline sales
Reason for the Goldman action is higher demand from China due to the earthquake, […]

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 […]

Weekend ahead … time for weekly charts
Euro and OIL are working on a reversal today … EXACTLY at their targets …
Both had a nice uptrend, starting the second half of JULY 2007 …
the time, when everybody got aware of the huge problems within the financial system in the USA and this was the […]

As I find it quite difficult … and every day more … to be “in sync” with the way, US markets and US media reacts to news and events …
I probably found the reason … I am not american
A kind of optimism … let’s face it … even a blind optimism and still […]

Message understood … “they” are really worried …
Who is “they”?
The FED, the Government, all the (investment) banks who fight for survival.
They fight for every(!) single day, they can hold the markets up. This might end in desaster mode …
Today’s news was:
- Gulf investors see more capital needed to save Citibank
- Intel cuts outlook
- S&P […]

Oil closed today at about 101$ … on March expiration only … April contract is still below 100$
As OPEC always states, markets are well supplied … they even sell their oil at a discount as otherwise they could not sell it.
Financial speculation drives prices … some analyst think, that about 30$(!) of the price is […]