I have to admit it … this guy makes me sick …
ALL data point to a recession … and not a shallow and short one … and inflation is rising every day …
But Bernanke does not admit it … continues with dangerous and useless rate cuts …
only as he fears that bad markets might even […]

Has the rallye stalled already? 2 days of buying … that’s it? Not bad … fasten seat belts for a nasty ride? New lows very soon?
And the bears happy, that Fed has not much ammunition left …
The US markets not even tried once to go higher today … a slow and steady flow of […]

As the Fed reduces rates at panic pace, markets still are not going higher.
Investors seem to realize, that the landscape has changed. Not one single day passes without earnings revisions to the downside or record write offs.
The economic climate gets rough. Even good figures like today’s ADP number create only a short lived squeeze which […]

Fed decision tomorrow … and all eyes on Ben Bernanke … known as Helicopter Ben

We waited for January and hoped for 50 bps … fantasized of 75 bps … got them already (thanks to SocGen) and … ???
YES … market has priced in quite fully a further 50 bps rate cut … OMG
The last cut […]

Move over Nick Leeson … here comes Jérôme Kerviel
4.9bln Euro loss on Futures … obviously a lot of futures. Even if you assume a close to impossible loss of 1.000 points per contract, it must have been 200.000 FDAX or even 500.000 FESX futures … A lot for a “small position trader”.
So it […]

Even the European equity markets give up today, selling off around 7% (!!!) on an US holiday … wow
We were not able to go that low last year on very bad news and more uncertainty, now … seemingly ready to have a bounce after 3 down weeks to get the year started, the market jumps […]

The situation remembers me to the situation in August …
Market in FREEFALL as visibility lacks … this time again … Bernanke tells congress, that up to 50%(!) of housing value could be destroyed … he thinks, that we will see weak housing and weak equity markets. As a add-on we get Philly Fed very LOW. […]

Situation:
U.S. Markets: After exactly hitting major support zones, markets turned around and closed better than 1% up. Goldman and Merill predict, that US is in a recession already. Short covering ahead of today’s Bernanke speech and vague rumours od FED action today started short covering. Alcoa beat estimates and moved up more than 2% after […]