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I think I read somewhere that Buffet has actually decreased his position in Moody's not quite a while ago.

Former Bundesbank President Helmut Schlesinger said the euro’s slide hasn’t left it at an unnaturally low level and the breakup of Europe’s 16-nation currency union is out of the question. “The euro isn’t in danger,” Schlesinger, who ran the German central bank from 1991 to 1993...

May 27 (Bloomberg) -- Deutsche Bank AG Chief Executive Officer Josef Ackermann said the global economic rebound remains susceptible to shocks such as the sovereign debt crisis. “The after-effects of the financial crisis can still be felt,” Ackermann, 62, said in a speech at the annual...

Fibo is at 5910.00...

Germany has become a safe haven for many European investors. Money is flowing into German government bonds and Schatzanleihen. German exports are flourishing.

And today gap up 23.25 points. Ay, ay, ay. I am seasick...:)

German politicians discuss again introduction of wealth tax. More of the same in Spain. Zapatero & colleagues dicussing "tax for the rich".

China's currency policy has been always about "stability" and predictability. If China is preparing some sort of shift from EUR in USD they do it over their weightings in their currency basket. This is simply done by moving more of their MONTHLY currency reserve inflows into the desired currency...

http://www.marketwatch.com/story/newsviewer

TEPPER ON BANKS Another high profile speaker at the conference came out in favor of banks, foreign and domestic. David Tepper, of Appaloosa Investment LP, the world's best-paid hedge fund manager last year, said he still likes Bank of America Corp (BAC.N) and Spain's Banco Santander SA...

Investor Ackman buys 150 million shares of Citigroup At the end of his speech at the 15th annual Ira Sohn investment research conference, Ackman said, "And by the way, we bought about 150 million shares of Citigroup, but I don't have time to talk about it." Ackman is the managing member...

Are you still "active" in the stock ?

As almost every so called pundit and financial expert out there is 1000 % sure, Greek needs a debt restructuring or will default. If I would be the Greek finance minister and read what Mr. Gross has to tell the world, I would default TOMORROW ! Just to see for the fun of it how Mr. Gross' T...

TARGET2 is the joint gross clearing system of the ESCB that unifies the technical infrastructure of the 26 central (note-issuing) banks of the European Union. It went live on November 19, 2007. However, Sweden and the UK have elected not to participate in TARGET2 - banks in these two countries...

By Dave Liedtka May 26 (Bloomberg) -- Pacific Investment Management Co.’s Bill Gross said restrictive lending rates may leave default as the “only way out” for some sovereign borrowers when it comes to dealing with growing debt burdens and deficits. Gross, manager of the world’s...

EUR/JPY heading south. Hasta la Vista, rally...

LOL ! Yesterday gap down 30 points, today gap up 10 points. Now, you tell me that markets are not ruled by imbecile "professional" rookies. Don't want to complain about volatility, though. :) Headline of the day : Stocks Climb, Commodities Rally on Economic Growth Prospects; Euro Weakens

May 26 (Bloomberg) -- Jerome Kerviel, who goes on trial next month over his role in Societe Generale SA’s 4.9 billion- euro ($6 billion) trading loss, said his superiors “helped” him make the futures bets at the center of the case. “I’m innocent,” Kerviel, 33, said in a Bloomberg...

May 26 (Bloomberg) -- Prime Minister Silvio Berlusconi’s government approved 24 billion euros ($30 billion) of budget cuts as part of a European effort to convince investors that euro nations can trim deficits and defend the single currency. The measures include a three-year wage freeze for...

Usual "fear index" is Bundesbank's monthly report on household deposits. Page 46... http://www.bundesbank.de/download/volkswirtschaft/monatsberichte/2010/201004mb_en.pdf