H1 or killing me softly :)
Market seems still to be in denial as there is still discussion going on, whether we are in a BEAR MARKET 
At least no discussion about that in Germany or France … both indices lost 20+ % in H1 …
Here some of the DIAMONDS of the american market … with one question …
If this is not a bear market … what will be one? 
The alltime high was reached in October … Do you remember?
Since then, the following equities LOST from their respective 52-week-highs …
MORE THAN 70% … General Motors, Lehman and Wachovia
MORE THAN 60% … Citigroup, AIG, Merill, Sprint
MORE THAN 50% … Bank of A., Morgan Stanley, Ford
Even “sparkling” Goldman lost more than 30% … GE lost more than 35%
AUTSCH …
Houses lost only around 16% within the last year 
so cheer up …
Inflation is not a problem … if you live on Orange Juice … down close to 20% since the start of the year
But hopefully you neither eat nor drive nor heat your cheap house …
In H1 nearly all commodities rose …
Natural Gas is up around 75%, Oil “only” around 45% …
Corn is up 60%, wheat only 10% …
Even our morning coffee rose around 10% …
And we are still neither in a recession nor in a bear market … and inflation is under control …
If you or anybody still believes the words of the cheerleaders … Bernanke & friends …
H2 will be better … for the BEARS?
Let’s see Stay tuned!
Tags: bear market, Commodities, H1, housing, inflation
