Was that it? Is the great stock market correction of 2011 already over? Libya is in the throes of a revolution that threatens to spread to the more important parts of the oil producing world and the slippery stuff can’t hold above $100? All this geopolitical turmoil and gold can’t even make a new high? [...]
The year-to-date returns for the various world markets have recently been updated.
US/International Markets
Sectors/Induustries
Commodities/Currencies/Bonds
Here’s a video of Richard Nixon announcing the end of the Bretton Woods monetary system. Biggest mistake in the history of American economics.
The ongoing turmoil in the Middle East has produced decisive moves in some markets. Obviously, oil is running up:
And gold, the traditional safe haven has also spiked:
But what about that other safe haven, the dollar?
And what about Treasuries? If nothing else the big rise in oil prices should provide some bid to Treasuries as it [...]
