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 […]

Situation:
U.S. Markets: PAYROLL FRIDAY … THE numbers of the numbers … squeeze went on yesterday as market bets on weak data despite strong ADP numbers … and despite the Govt. proposal on the “mortgage freeze” is so far even less than hot air, market seems to be sure that FED will cut rates … interesting […]

Situation:
U.S. Markets: Welcome back to the 1490/95 resist in the S&P … market plays the rate cuts … even a HUGE ADP number … 3-times the expectations could not hold the market down … Moody’s possible downgrade on Bond insurers, which really could bring trouble again … brought the market down only shortly … President […]

As I will not be able to trade today, just one thing …
What about interest rate cuts … even in Europe tomorrow???
The situation …
Due to the global credit crunch, money markets are unusually tight … the spread between the official rates and the interbanking rates is widening every day … reaching levels, unseen since […]