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 […]

Soros states in a in testimony prepared for a Senate panel on energy manipulation:
- that commodities mirror equity moves in 1987.
- institutional investments are one sided and big enough to crash the market.
Soros advised lawmakers to use caution when considering regulations designed to reduce speculation.
Such rules could push investors further into unregulated markets, he said. […]

Bonds are selling off as June contracts are close to expire …
WHY???
Inflation is ramping, credit crunch seems managable … so the Hedges are SOLD.
And now the speculation starts … WHAT’s NEXT???
Interest rates HAVE TO RISE!!! Next step of FED and ECB will be UP … a rate HIKE!!!
This is reflected first in selling of long […]

The real reason behind the firmness in selected commodities is …
Index speculation … as too much money floats around, looking for yield.
As currencies are quite stable … compared to the 80’s …
and neither bond markets nor equity markets look promising …
especially after the collapse of the real estate markets …
MONEY looks for other fields […]

Earnings reports again …
Citibank … secured financing and numbers rather better than feared … outlook not overly optimistic = down 8.4%
Merill secured financing = down 6.4%
IBM had stellar figures yesterday, so today back to the roots = down 3.48%
AAPL Mac World Address of Mr Jobs very positive, but lacked the CHINA word = down 8.38%
INTEL […]

Here the 2008 main investment themes as I see them … as expected … EIGHT of them
1. Housing Sector
The housing sector keeps plummeting and no relief yet to be expected. November figures showed that the seasonally adjusted annual rate of 647.000 new home sales (the number is expected to be revised even […]