A Picture Is Worth a Thousand Words

Here’s where we are today: A look from the past three months

Oil price is falling

3-month crude oil price

Gas price is coming down (the latest spike is due to hurricane Ike)

3-month gas price

Gold is getting cheaper and cheaper

3-month gold price

And U.S. dollar is getting stronger and stronger

3-month Euro-dollar

Yet the stocks keep falling

3-month  S&P 500 index

All because we still have companies like Lehman Brothers (LEH), waiting to die or be rescued or be bought out.

3-month Lehman Brothers

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5 Responses to “A Picture Is Worth a Thousand Words”

  1. Julie |  Sep 14, 2008 at 10:26 pm

    In these troubled financial times it makes me happy to be working for ShoreBank, one that has had a solid business plan for the last 35 years, and is doing well. I think part of the reason for our success is that solid business plan, we do things like help entrepreneurs invest in their local community and create economic incentives for environmental conscience.

  2. Manshu |  Sep 15, 2008 at 7:06 am

    This is a very good representation, especially of the volatility shown by oil prices in the past. It just goes to show that oil was driven more by speculation than real demand because real demand cannot and has not changed in the range of 40% over just a few months.

  3. Tim |  Sep 15, 2008 at 5:20 pm

    this is why i am buying more index funds tomorrow.