July 2009
1 post
Media targets Goldman Sachs … very late →
Have a look at this video … it shows only part of the ongoing story … but at least a part
After the long break … service will resume soon … don’t worry
Copyright ©…
June 2009
1 post
Market Report … NOT from CNBC (fun) →
Copyright © 2009 Riding the DAX. This is in NO WAY a recommendation or advice to buy or sell any financial products on this planet!!!
It is only intended for myself as a test!…
May 2009
10 posts
Service Announcement … →
As I am moving house and office I will only irregularily update this blog until the end of June.
Take care and enjoy the start of summer!
Cheers Oli
Copyright © 2009 Riding the DAX. This is in…
FED gives a HINT … →
Fed minutes and they give a hint …
A full-blown recovery will last AT LEAST 5 YEARS …
NO COMMENT …
I just tilted the SELL BUTTON …
Copyright © 2009 Riding the DAX. This is in NO WAY a…
Banks … Will Q2 be a positive surprise again? →
Banks keep recommending themselves to investors …
Every day a new recommendation, a new round of upgrades …
Today we had Goldman calling Bank of America a “conviction buy” … hmmm
JPMorgan and…
Government manipulation … another hint →
Just read here … revisions of data … often seen … here you are …
Is U.S. government-data being “massaged”?
Not nice
Copyright © 2009 Riding the DAX. This is in NO WAY a…
More Manipulation and Government intervention →
News is … (Fox Business)
Democrats Look to Extend Federal Support to Muni-Bond Market
The House Financial Services Committee is scheduled to consider a series of bills that would provide massive…
FED oversight non existent … (video) →
Watch this video … shocking … FED is out of control
Copyright © 2009 Riding the DAX. This is in NO WAY a recommendation or advice to buy or sell any financial products on this…
S&P … Chart … putting things into perspective →
As fundamentals are “out of favor” at the moment … here the chart perspective for the S&P:
Copyright by Tradestation
As you can see … the S&P started its downtrend in October 2007 and…
DAX … CHART … putting things into perspective →
As fundamentals are “out of favor” at the moment … here the chart perspective for the DAX:
Copyright by Tradestation
As you can see, the German DAX is in a weekly downtrend since the…
Stress Tests to stress markets :) →
Bank of America seemingly needs to shore up its capital by 34 bln$ … WOW …
Stock price TRIPLED … and still they need around HALF of its market cap … IMPRESSING
So … at the end … reading between…
Stress Tests move closer … →
Stress Tests got delayed to Thursday this week … but details seem to leak …
Interestingly … Washington Post writes today, that Wells Fargo … Warren Buffett’s “baby” was asked by regulators to shore…
April 2009
9 posts
Stess tests start to create stress … →
WSJ reports, that early results of the stress test show, that FED will ask “some” banks to raise more capital.
Bank of America, Citigroup, Regional Financial Corp., Fifth Third Bancorp and Wells…
U.S. markets are RIGGED … (consumer confidence... →
What happened today …
1. European markets were “magically” holding up after an initial sell-off.
2. A news agency sent out EARLY a summary for the equity market, writing that market was helped by…
Market catches the FLU … →
Markets in panic mode today … swine flu alerts in many countries …
Some people even think, it might be a HUMAN-made-virus … even linking it to terrorist activities.
A global swine flu pandemic…
Stress Tests … AP has a copy ??? →
Have a look here … the test IS OUT … seemingly the people who should know, already know
AP stress test …
Copyright © 2009 Riding the DAX. This is in NO WAY a recommendation or advice…
Buyers still lurking … →
Market found support at first meaningful supports, showing that still many people are “underinvested”.
Whether it is the cheap money from the FED or the “not-to-beat” negative expectations for the…
Stress tests LEAKED??? →
Check here:
16 of 19 banks technically insolvent!
AUTSCH!!!
Take care!
Oli
EDIT: US treasury DENIES that stress tests are available … 15 mins before US open
EDIT: Read here …
…
Happy Eastern :) →
I wish you all a happy and peaceful Easter holiday!
I will be back, April 21st.
Take care
Oli
Copyright © 2009 Riding the DAX. This is in NO WAY a recommendation or advice to buy or sell any…
Earnings Season starts tomorrow … →
After the HUGE 4-week-rallye … we face a bit of “profit taking” … tomorrow Alcoa opens the earnings season.
And after this huge run up … a lot of dissappointment could be in the cards.
Even if the…
No Market for Mark-to-Market … →
They really did it … OMG
Mark-to market is not anymore mark-to-market …
So … now everything is possible … enjoy the time until reality comes back …
- FASB’s new guidance allows banks and their…
March 2009
18 posts
Geithner Plan = Mother of all Frauds →
Sometimes it is really unbelievable, what is happening in today’s world.
And sometimes it beats everything.
First … I thought, my English was not good enough … then … I thought, my math was not…
U.S. … bankrupt already … →
U.S. … already bankrupt? CNBC video …
Copyright © 2009 Riding the DAX. This is in NO WAY a recommendation or advice to buy or sell any financial…
Quarter end comes quickly … →
Big March expiration over … was positive as many had to cover
Bank bailout details out … greeted positively, what ever the reason …
U.S. markets jumped up a total of more than 20% … anybody…
From Wall Street to Pizza Boy … →
Have a look here … if this does not motivate, what will?
From Wall St. to Pizza Boy
Copyright © 2009 Riding the DAX. This is in NO WAY a recommendation or advice to buy or sell any…
Helicopter Ben starts dropping money … →
Ben Bernanke does everything to anchor himself in the history books.
He and his funny irresponsible friends made it official today. Helicopters will start dropping money senseless NOW.
Just over 1…
Stupidity rules (Monday edition) … →
Stupidity still rules … here comes why …
- AIG … AIG’s CEO justified bonus payments by telling that otherwise “top talent” would leave the company … RIDICULOUS!
- CNBC … All day talking heads were…
VIX holds market up … →
Tomorrow on the OPEN of the US market, the VIX will expire …
and this might be the key to understand the recent rallye.
Or maybe better … the end of the recent rallye.
During the strong downmove…
Expiration looms and too much “talk” … →
After virtually throwing up after reading, that AIG will pay around 1.2 bln$ in bonuses …
The outlook for next week is “scary” …
We have the following events …
Monday: Industrial production and…
CNBC … Jim Cramer … The Daily Show →
In the case, you have not seen it so far … DO IT
PART of the TRUTH on TV …
Jim Cramer on The Daily Show
Have a nice weekend!
Copyright © 2009 Riding the DAX. This is in NO WAY a…
3rd 10% bounce this year … →
Today we completed the THIRD(!) 10% bounce for the markets in 2009.
And guess what? … YES, I’m going to fade it … AGAIN.
We might have some air still left, BUT most of the bounce is done IMHO.
So…
The “Basketball Effect” … →
Major rallye today … why?
I call it the “Basketball Effect”
If you put a basketball under water and let it go … it pops exactly into your face …
Market was under severe pressure over the…
CNBC … Have FUN →
.cc_box a:hover .cc_home{background:url('http://www.comedycentral.com/comedycentral/video/assets/syndicated-logo-over.png') !important;}.cc_links a{color:#b9b9b9;text-decoration:none;}.cc_show…
Unbelievable (Stock Letter Edition) →
Mark Hulbert, the funny guy who makes a life out of ranking stock- and newsletters and distributes a sentiment index, has a rather weird story today on “marketwatch.com.
He started measuring the…
Stock Market is a Black Hole (see proof) →
Follow the leaders and JUMP This is what Bernanke and friends are proposing
Copyright © 2009 Riding the DAX. This is in NO WAY a recommendation or advice to buy or sell any…
AUTSCH!!! →
Wall Street’s dollar menu
GE 3/5/08: $33.55 Today: $6.75
BAC 3/5/08: $37.55 Today: $3.22
GM 3/5/08: $22.97 Today: $1.81
C 3/5/08: $22.15 Today: $0.97
AIG 3/5/08: $44.61 Today: $0.38
Good…
If nothing works … just change the rules … →
We hear about a news report that a House panel next week plans a hearing on mark-to-market accounting rules blamed by many for aggravating the financial sector’s troubles.
Reuters on Wednesday…
AIG faces a “new risk” … →
N.Y. Times says, that the real systemic risk in the case of a failure of AIG is:
In the United States, A.I.G. has more than 375 million policies with a face value of $19 trillion.
If policyholders…
Closing in on targets … →
As talkingheads and public becomes extremely bearish, WATCH OUT …
We might be extemely close to a BOTTOM … at least for a decent bounce …
Every day we hear new superlatives … worst year since ……
February 2009
22 posts
Be aware of CHINESE selling of BONDS … →
Today morning we got it officially, that the Chinese won’t finance the US mess forever …
China’s national pension fund said Wednesday it plans to adjust its investment portfolio this year by…
Oil Cotango … explained →
OMG … That is why …
Read the article, I found on FT Alphaville …
Sometimes explanations are easier than thought …
Another example of STUPIDITY RULES
Copyright © 2009 Riding the DAX….
Monthend bounce … →
Welcome to the typical month end bounce …
Interesting, that FED and Government are again more active at the end of the month
Anyway … I still wait for ANY fundamental change …
So … thanks to…
Citi-Dilemma … →
What will the Government do with one of the bad banks …. Citibank
Here an interesting calculation by Wall St. Journal …
In a joint statement Monday, the Treasury and regulators said banks…
AIG … yes we can →
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…
Sometimes manipulation gets explained … →
Sometimes manipulation gets explained … here the last example.
Just read through these excerpts of a Marketwatch.com article. After reading it, you will EVEN LESS be ready to give weight to any…
AUTSCH (Citibank) →
The latest gallows humor among Wall Street traders:
It is now cheaper to buy a share in Citigroup than to withdraw cash from one of its ATMs.
Citigroup’s shares closed at $1.95 apiece on Friday….
BoA and Citi to finally fall???... →
Interesting piece of thought …
ChartingStocks.net
As it is by far cheaper to nationalize both banks than to keep putting money in the black hole … it might be DUE …
Copyright © 2009 Riding…
The BEAR growls … →
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…
The Bond-Miracle ??? →
As nobody so far was able to explain the Bond-Miracle to me … I just ask you
First the facts …
- we will have all-time-record-supply of BONDS coming as all these daily help programs some day…
Just a short research piece … →
Just a short quote from the Hedge Fund Monitor … published by Merill Lynch
Large Specs still long the SPX, short the NDX
Note: Commitment of Traders data reflects positions as of last’s Tues close…