The stock market on the move! Since early March, we are in a rally. Is it just a bear market rally or is it this time really sustainable? The biggest beneficiaries of the rally are the financials, so banks but also insurance companies. UBS, for example, has fought his way up to her low at just over 8 francs again today and again knocked softly on the 13-franc stamp. Not a day goes but passed without any news that we heard on the part of UBS. Here is the summary of recent events:
09.03.2009: Kaspar Villiger, Chairman Designate UBS announces that UBS does not need more government assistance.
11.03.2009: The UBS know a net loss of 20.9 billion from CHF for the year 2008.
12.03.2009: The chief economist of UBS, Klaus Wellershoff, gives up his post at the end of March.
13.03.2009: Ernesto Bertarelli and Rainer Marc Frey will resign from the Board.
16.03.2009: Jörg also wool and Gabrielle Kaufmann-Kohler you do not stand for re-election in VR
16.03.2009: Worldwide to 5000 command and staff positions are being eliminated. Of these, only 2500 in the field of asset management.
fundamental fact seems to be the grossest now be over. The capital outflow of customers seem to slowly but surely stop. to evaluate very positively the statement Villiger about UBS, relative to the state aid. Another positive sign I see in the restructuring of the Board.
situation is completely different from the chart technical situation. Still, the share price is clearly in the down trend. Basically, even with the current rally not changed the picture. As long as the stock rises are unsustainable over the brands of 14 / 17, seems to not be worth a start.
0 comments:
Post a Comment