Wait to fall I mean
The only reason is … market fears to be betrayed again …
So they wait for the announcements … Stimulus package and bail-out plan
And then we will sell off … why?
- The stimulus needs longer than everybody thinks and is smaller than the pure number shows
- Bail-out … needs […]

Stupidity rules … today again … especially in Europe
As I sometimes lag the words to describe that phenomenon …
Wikipedia helped …
“stupidity denotes an incapability or unwillingness to properly consider the relevant information”
YEAH … banker’s disease …
The UNWILLINGNESS to PROPERLY consider RELEVANT information …
NOW WE ALL KNOW
This is exactly what I […]

WASHINGTON (MarketWatch) — The U.S. government is expected to borrow $493 billion in the current quarter, the Treasury Department said Monday. The borrowing estimate is $125 billion more than estimated three months ago. The increase is due to lower revenue, more spending, and a program designed to strengthen the Federal Reserve’s balance sheet, the agency […]

It is quite unbelievable … investors still are in denial about the facts …
They still live the dream, that after a bad 2008 … things HAVE TO become better …
Unfortunately … we are at the BEGINNING of the downfall … not the end …
EVERYTHING was built on LEVERAGE … and now … the leverage option […]

To explain the unexplainable …
the FED issued the LONGEST statement on record … AUTSCH!!!
They keep buying time … needing always more words …
and they still have NO CLUE …
- The Committee anticipates that a gradual recovery in economic activity will begin later this year, but the downside risks to that outlook are significant.
READS: NO GROWTH […]

Still investors cover their short positions before a weekend as manipulation could strike …
But at the end … news is becoming worse every day … so market seemingly has no chance to foot a longer lasting recovery …
As only small banks go bankrupt, the bigger ones get nationalized …
Freddie Mac is about to “ask” for […]

One bank after another comes out and admits … we face bankruptcy / nationalization.
No end in sight …
Some see NOW … that only ONE THIRD or even ONE QUARTER of the problem is “solved” …
But the problem gets bigger EVERY DAY … as the real economy goes DIVING …
And the WORST aspect is … […]

Today … another round of scary reports … Bank of America and Citibank lost “some more” billions
Bank of America had to take 20bln $ MORE(!) help from the always giving U.S. Govt. and got backstopped on just around 120 bln $ … following in the footsteps of Citibank …
IMHO … this means TWO […]