Nice snap back rallye on the last day of the quarter …
but so far only a correction …
Dax looks better …
Next 2 weeks should decide the action for the next 6 months.
Strange action today in the last minutes of trading in Google (GOOG)
Trades seemingly have been cancelled … still strange and a bit scary […]

As I mentioned … I don’t want to get involved into the Q3 end action …
And … as STUPIDITY reached new highs in the U.S. … and political Egoism stood in the way of a sound decision …
We had a BAD SHAKE OUT(a little “crash”) … down all over the board at LEAST 7%, […]

As Q3 end position squaring dominates and everybody is looking for a window to jump out
I don’t want to get involved …
See you next Wednesday/Thursday …
At least I think, that we will still have markets by then …
Maybe even a bailout package or a rate cut or some failed banks […]

As volume dries out after recent swings and market action …
and Q3 end means, that LESS market participants really trade …
Rumour mill at its best …
Today … apart from the hourly “new input” from the bailout package …
We had the following rumours doing the rounds …
- HSBC will buy UBS and sell its investment banking […]

Markets wait for the bailout package … especially the TIMING
End of Q3 comes closer and seemingly, market still is long and has to deleverage …
First 2 weeks of October might set the tone for the remainder of 2008.
Be aware, that during the last days of Q3 we might see some winding down of positions as […]

What happened today?
Yes, we got the expected bounce in equities … and yes, it faded soon …
we had a squeeze in the last hour … surely the PPT was involved
The interesting thing seems to be … as so far nothing fundamental has changed yet … investors are just dashing to the sidelines, closing positions.
So still […]