SCANDI BEARS....LATE RALLY US

Scandis took quite a beating. Couple of Exceptions, AZN SS, SWMA and ERICB SS. Banks was hit hard. SEB was delt severe blows during the day and closed at day low after a late circuit breaker. GS pissing out stock at the close. Fear of baltic trimming of europegs main reason. Hard to believe they will make it through all this without some infusion of capital. Luckily owners INVESTOR have pretty deep pockets. AZN SS managed a rally despite some newflow that could turn out to be bad. Asthma drugs showed risks of hospitalization or even deaths, but for Symbicort (combo treatment with stereoids) the risk was not statistically significant. HOWEVER, one could argue it is hard to find brightspots in news that your drug may cause death... ERICB SS still trading strong vs market. My guess: PMs are underweight. The stock has been out of favor for some time and with SEB downgrading HMB SS, the only viable index heavy alternative. In my book ERICSSON will run into serious trouble 09, unless they prepare for a weaker market. Flat is just not going to cut it. Some storys around saying it´s the Brasilian real that is helping the stock right now, but that seems a bit far fetched. OBX closed at new lows and you don´t really have to think hard on this one. Oil at four year lows will do that to a market mainly driven by oilprices. A late rally in the US will set the tone for monday open. ERICB SS gaining even more momentum, closing at combined session highs of 60.80. NOK1V FH having some trouble picking up steam. AZN flying another 10-12 SEK. This Weekend may give some insight as to what Washington will decide regarding the Autos. Get back on that one.