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 [...]

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 [...]

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 [...]

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 [...]