Wacky year-over-year comparisons ahead
Saturday, September 19, 2009
It's setting up to be an interesting few months of year-over-year price comparisons for different asset classes, the current look back at a year ago now showing that gold leads all others with a gain of more than 17 percent as indicated in green below (via the WSJ).
Crude oil and real estate remain laggards and the U.S. Dollar, the star performer during much of the year, now sports just a modest gain while the soaring NASDAQ stock index is still in negative territory compared to last September.
Last year at this time, retail gasoline prices were almost $4 a gallon, but they were already headed toward a low of just $1.65 a gallon eleven weeks later in December.
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