As Fed and European CB’s still fumble around …
market melt down continues … Dow and S&P closed below their “round” levels …
Panic mode … no brain … just getting out of positions … deleveraging …
An old bear market saying is:
Today’s bids are tomorrow’s offers … B U T
Volkswagen did it the other way today […]

Markets SELL OFF again …
Retest of the lows? Putting pressure on the Congress?
NO …
BUT!!! :
In the U.S. morning hours … ABC reported …
Senate Majority Leader Harry Reid, D-Nev., pressed for passage, with the alarming news that one of the country’s premier insurance companies was about to go bankrupt if the crisis was not quickly […]

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%, […]

Stupidity still seems to rule …
2 days … 2 examples of MAXIMUM BRAINLESS INVESTING …
1. Hedge fund manager Ospraie Management LLC will close its flagship fund after it plunged 27 percent in August due to losses in energy, mining and natural resources equity holdings
2. Tim Whyte,a former Enron trader, a 34-year-old manager […]

H2 started quite volatile … and we all should be aware … as this footprint will be seen now many times …
But to that later …
First a word to the market as a whole …
What setup did we have?
A 9th down day in a row for the Nikkei … a record down month for June […]

Just some figures, hopefully NOBODY can explain and/or justify …
They should give the money to charities … it is a scandal as they proved to be worthless to their shareholders:
John Mack (Morgan Stanley) … 2007 earnings … 41.7 mln $
John Thain (Merill Lynch) … 83.9 mln $
Vikram Pandit (Citibank) … 105.16 mln $ … (I […]

Even if this firm is NOT a desaster … its communication is one …
And as they seemingly neither learn nor are good enough …
Darwin says … endangered species … survival questionable …
Last example … TODAY …
WSJ reported, that “sources” say, Lehman is going to increase their capital by around 4 bln$ as they need to […]

Want to see, what happens, if you put stupid stop orders in a computer driven market on light volume days as we have them now???
As most traders already squared their books for Q1 or … in Asia … already are done with their whole business year …
A saying goes … these are the days, when […]