Markets … after the huge BOUNCE back … seemingly are dead in the water before the U.S. election … BUT WHY??? The outcome seems clear … Barack Obama … We know, that it will be January until he will take over … So … as fundamental news gets BLEAKER every day … why are the [...]

Negative sentiment topping … just have a look at this e-mail from F.T. Alphaville … Just count, how many times they use the “c-word” … AMAZING So … let’s talk about a squeeze???

We had the markets close to capitulation as S&P traded below 1200 and DAX below 6000 … then a brutal bounce … now the correction of the bounce … usually we should “enjoy” now soon the 2nd bounce to the upside … As S&P already retraced more than 60% of its bounce, the Dax stands [...]

Interesting sentiment picture today … First … Barclays issued a “financial storm” warning … saying: – that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall “below zero”. – There is an inflation shock underway. This is going to be very negative for financial assets. We [...]

Or … in other words … much money … no brain The facts … of today only … -UBS … dissappointing figures … even after very weak expectations … says … MORE WRITE OFFS … sees MONOLINE induced ones … AUTSCH -FNM … worse than expected … but positive talk despite their view, housing market [...]

And again the market plays the card of hope … After Q1 is booked … and with it some losses … Everybody is bullish and confident again (unbelievable!) Still there is NO VISIBILITY at all, how long and deep the recession might be … NO CHANGES so far in the housing market or at the [...]

How long??? EVERY SINGLE DATA (hard fact) is MONSTERNEGATIVE … only sentiment holds us up … Every day we wait for figures … with very LOW expectations already … Every day we even get more bearish figures … and still the market holds or even squeezes. Will we pay for that one day? Will we [...]

More positive signs show up for the market … Could mean that we have seen at least an intermediate BOTTOM. 1. We confirmed and held the January low. 2. A BIG name (Bear Stearns) went belly up and we still held up. This often marks the turning point. 3. Lehman stock price was able … [...]