Deutsche Bank‘s traders can start looking for boxes or plastic bags. Rumor has it all proprietary trading will be halted at the German bank. All credit trading is shut down. There have been consistent rumors in the market all other proptrading will be ended as well. Deutsche Bank’s European trading desk is based in London andRead more
A wave of bankruptcies will hit the US stock market according to Gunnar Stangl, strategist at Dresdner Bank in Frankfurt. The crest of the wave is still going to hit us. Bankruptcies are really just like a slow avalanche Impressing chart. Busy with option expiration today. (click for larger picture)
Correcting performance for currency effects is a good thing when comparing stock indices around the globe (see here for currency adjusted performance). However, regular investors in domestic stocks don’t care about the price of the US dollar, they’re interested in the performance. For Dutch, Irish, Italian and Belgian buy-and-hold investors there’s bad news. Their nationalRead more
Last October the financial world was shocked by a devastating short squeeze in German carmaker Volkswagen. A short while the producer of reliable but boring cars was the most expensive company in the world after skyrocketing from around 250 to above 1000 euro. In two days.
Yesterday I mentioned the fact Amsterdam’s AEX index is having such a wonderful start of 2009, outperforming the rest of the world. Nothing bad about making a good run in three days, but it turns out the Dutch market index is a true underperformer over the past years. According to the an Australian newspaper the AEX rankedRead more
