Edmond De Rothschild

Bank of China Ltd, the nation's third-largest by value, will buy a 20 percent stake in La Compagnie Financiere Edmond De Rothschild for 236 million euros ($342 million) to start an asset-management venture.
Benjamin de Rothschild, chairman of the supervisory board, will keep a 75 percent stake in LCF Edmond de Rothschild and Bank of China will be the second-largest shareholder in the asset-management company, according to the statement. The firm managed 29.6 billion euros in assets at the end of 2007.
Compagnie Financiere Edmond de Rothschild, which started operations in Shanghai two years ago, is among the latest international fund managers to start operations in the country to tap growing personal incomes and sovereign wealth funds.
Tracking the Dow on Friday,19/09/09. (QUADAPLE WITCHING DAY)
9:30am:--Hefty 200.0 points gap-up.
An extension of the prior session's rally.
The Treasury will unveil a $50 billion plan that guarantees money market funds. The Treasury will insure public money funds for a fee. The plan is intended to help restore confidence within the banking system.
10:30am:-- Partial gap filling,3 black devils.
The Federal Reserve is announcing plans to help stabilize money market funds with loans to banks. The Fed will provide a liquidity facility to help provide backstops by purchasing notes from primary dealers.
11:30am:--3 black devils.
Treasury Secretary Paulson announces in a speech that further decisive action is needed to restore confidence in the financial system.
12:30pm:--Bearish graveyard with bull-trap.
Oil prices are up 1.7% to $99.50 per barrel.
1:30pm:--Hangman & dojis.
The Fed will begin purchasing short-term debt issued by Fannie Mae (FNM 0.70, +0.21) and Freddie Mac (FRE 0.55, +0.22).
2:30pm:--Bearish hammers.
Crude has rallied to its highest point of the week, recently crossing above $105 per barrel.
3:30pm:--Bearish engulfing.
To further enhance confidence among investors, the Fed is planning to sell insurance that covers money market mutual funds.
4:00pm:--Bearish harami and hammer.
It's going to be a bull-trap.
Some investors were encouraged by a ruling from the Securities Exchange Commission that put a temporary ban on short-selling certain financial stocks. Though the plan aims to protect certain securities and restore confidence, the plan has come under sharp criticism from market makers. Late in the session the SEC staff announced it wants to implement certain exemptions to the rule.
This month candlestick todate is shape like a sword (DOJI).The long lower shadow is going to be a bit of concern.Ban short-selling,what about securities lending?the loophole.