Wikinvest Wire

Everything but the dollar

Saturday, August 01, 2009

It's not clear what it is about this weekly chart in the Wall Street Journal that fascinates me so, but fascinate me it does. In a week when the dollar was the only loser, the 52-week columns begin to take on a whole new look that will persist through the end of the year.
IMAGE What's the new look? Well, you can get an advance peek at this by fast-forwarding to December using current prices for both crude oil and the U.S. dollar. Instead of the -44.5 percent decline in the price of crude and +7.2 percent advance for the greenback as shown above, you'd see something closer to +100 percent for oil and -12 percent for the dollar.

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