AIG shows the way … and still CNBC breaks the news
SCANDALOUS …
American International Group Inc. said Monday that it’s evaluating “potential new alternatives” with the Federal Reserve Bank of New York to tackle the giant insurer’s problems.
“We continue to work with the Federal Reserve Bank of New York to evaluate potential new alternatives for addressing […]

Today is expiration day … and yesterday the Dow Jones closed at a NEW LOW, confirming the bear market.
A lot of main indices (S&P, NQ, DAX) still in denial, but should follow soon.
Here a fine quote of Richard Russell, editor of Dow Theory Letters:
“With a great bear market [now] in force, we’re forced to think […]

Here an good idea about the “new economy”.
YES, WE CAN
The Somali pirates, renegade Somalis known for hijacking ships for ransom in the Gulf of Aden, are negotiating a purchase of Citigroup.
The pirates would buy Citigroup with new debt and their existing cash stockpiles, earned most recently from hijacking numerous ships, including most recently […]

Barack Obama made it happen … he is president of the U.S.A.
The market reacted … “YES, WE CAN” … and sold off …
Now we will see, how Obama will make the CHANGE happen …
It will be an even BIGGER MIRACLE, if during his presidency we will trade new all-time-highs for the equities […]

One day before the ECB meets, markets sell off as news about the financial sectors scare buyers away and bring sellers back as markets trade in the RED for 2009 …
Today, Deutsche Bank surprised the markets with an early earnings report … record loss for Q4 … stock plummeted and still they are talking about […]