Banks keep recommending themselves to investors …
Every day a new recommendation, a new round of upgrades …
Today we had Goldman calling Bank of America a “conviction buy” … hmmm
JPMorgan and Citi hiked Goldman price targets and earnings estimates … hmmm
The interesting thing about this is … as the markets so far are holding up … […]

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 … […]

After the one-day-wonder of the start of Q2 … markets in the meantime lost all of its gains and waits for the earnings picture to form …
First we had the Alcoa and AMD shocks, but as the financials still draw money … UBS, WaMU, Wachovia, Lehman … and some companies even surprise … not much […]

After only one week into Q2, markets look tired …
First earnings, which came in, really couldn’t excite traders or investors.
European equities getting sold on UK figures and a “NO CUT” rate outlook for main Europe.
US equities already under pressure as buying runs out … and that even before having tested the decisive 1395/1400 S&P level.
Market […]