If you … after reading “The Budget and Economic Outlook:Fiscal Years 2009 to 2019“, the official estimate of CONGRESSIONAL BUDGET OFFICE … STILL think, that the equitiy market can go up, that interest rates will not rise soon and the US$ can sustain that … PLEASE start reducing your medication NOW To be honest … [...]

All fundamentals coming in are rather worse than one might have guessed … BUT … we are up around 25% from the low and around 10% from after X-mas … on low volume … So … who wants to buy here??? I started the year with the 2008 approach … sell the rallies … gravity [...]

FED cuts interest rates to virtually 0% … they keep panicking … Here the statement … The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0% to 0.25%. Since the committee’s last meeting, labor-market conditions have deteriorated, and the available data indicate that consumer spending, business [...]

All major Subprime-involved companies have been (at least partially) nationalized, taken over or left bankrupt … the only one left standing is Morgan Stanley … Congrats We had … Citibank … today partially nationalized … Bear Stearns … taken by JPMorgan Lehman … allowed to fail Countrywide Financial … taken by Bank of America Merill [...]

If the Fed were a normal bank, it would be close to being closed How far the situation is out of control, an article in the new issue of Barron’s highlights: – If the FED were a commercial lender, it would be a candidate for receivership, based on its capital ratios. Bank examiners generally view [...]

Will Citibank become the 1st HIGH PROFILE VICTIM of the financial crisis? Will this put the system to the REAL TEST??? Will that be an event, which triggers a REAL MELTDOWN??? Even a CURRENCY REFORM??? Citibank is still full of BIGHEADED OVERLEVERAGED STUPID Guys who still live in DENIAL … Still a 60-times Leverage … [...]

The first thing, a chartist learns is: No price is too high, no price is too low Now … sometimes people forget this wisdom … Last example, the U.S. weekly “BARRON’S” … Last week, the magazine named Volkswagen THE MOST OVERVALUED BLUECHIP on the planet … And the stock obeyed … sold off from around [...]

After the WORST week in the history of stock markets … We had the best day in the history of stock markets … at least here in Europe … Japan closed? U.S. partially off? The more we rise … Volatility is here to stay … at least a bit … Let’s see, what’s up next [...]