IMHO … John McCain lost yesterday night the election … By putting his personal interest above the nation’s interest, he fumbled the ball … Bailout in danger as Democrats withdrew from meeting as Republicans offered a NEW plan … STUPID!!! In other late news, Washington Mutual failed and its assets were taken over by JPMorgan [...]

Lehman seemingly will be sold over the weekend … market cap is down to around 2,5bln$ It will be extremely interesting, who will snap them up … the list of buyers is not as short as everybody thinks … This time … we were told today … from the “everchanging-the-rules” FED WITHOUT financial help of [...]

Situation: U.S. Markets: Sold off heavily after Ben Bernanke hinted at up to 500 bln$ losses on subrime related assets. Adding to the pressure were his remarks that he expects weak housing- and equity markets. Bond Insurers lost around half of their value as Moody’s put outlook to negative, sparking fears of more write offs [...]

Situation: U.S. Markets: Volatile session closing down. Not much to say. 2nd day we closed below 1391, which is the breakout mark out of a possible broadening top in the S&P. Waiting for today’s Bernanke speech and some results. Asian Markets: Japan stocks climb as Dollar tries to recover on ECB comments, which were interpreted [...]