Situation: U.S. Markets: Waiting for FED decision … down a bit this morning on UBS write off (10 bln $) and capital increase (total of 19bln chf) which highlightes struggling financial sector … BUT … a lot of money seems to be available for the big banks who take action on their problems. Asian Markets: [...]

All eyes on the FED … but don’t we know already, what they will do? 25bps for the FED funds and maybe even more for the discount rate … the discount rate cut can be bigger as they want to have it USED … fighting against the rising interbank rates. The outlook of the FED [...]

What a day … ugly squeeze on interest rate cut hopes and and shortcovering (big time) in the financial sector on Bank of America approaching Citibank for a possible merger … Citi said “NO” … so … they think … ooops … there might be now some value in the sector … Northern Rock will [...]

Situation: U.S. Markets: Lost more than 1.5% till the closing bell … then up … on good HWP figures, an Asian turnaround and short covering ahead of the FED minutes and forecasts. Asian Markets: turned around losses of up to 3% on shortcovering ahead of the FED Commodities/Currencies : Yen turns around to weaken a [...]