It feels, smell & look like the week of the Lehman break down...

Short note as I am in Management meetings all day - the week-end packages have ZERO impact except crystalizing how insolvent the banks are and how they "underestimated" - another word for lying? the pressure of their credit facilitation.
In short: In smells, feel, and looks like the week that ended with Lehman bankruptcy....

Three banks involved in the bank bail-outs.. looks at their performance today!

http://biz.yahoo.com/rb/090119/business_us_financial.html?.v=20

(Click on chart for bigger version)

Barclays...


Danske Bank, Copenhagen


RBS - down 65% !!!!



Still same positions:

• 75% long cash & short-term fixed income
• 25% deployed negatively: S&P + Dax.......

Short EURUSD......

Safe trading

Steen