Markets, commodities, etc : where's the money going.

FluffyMcDeath

FluffyMcDeath

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So I've been watching numbers now for a few years. For a looooong time things US-wise looked like they were sliding to the abyss.

Then around March the DXY hit an anaemic 72 and there it stopped. Then around the first week of July it started to trend upward. It's currently around 80.

Similarly (not surprisingly because it's probably the major component of the DXY the Euro had been trading close to 1.60 USD from March to July and now is around 1.40 USD

Gold peaked in March, had a bit of a dip, then peaked again in about the first week of July at about 980 USD. It's now around 800 USD.

All the major indices, NYSE, Dow Jones, S&P, Nasdaq all hit bottoms in the middle of July and then turned around for very shallow rises that seem to have mostly evaporated by now.

And oil peaked out at about 140 USD in the second week of July and has now fallen to about 100 USD.

So, what happened in July?
 
So I've been watching numbers now for a few years. For a looooong time things US-wise looked like they were sliding to the abyss.

Then around March the DXY hit an anaemic 72 and there it stopped. Then around the first week of July it started to trend upward. It's currently around 80.

Similarly (not surprisingly because it's probably the major component of the DXY the Euro had been trading close to 1.60 USD from March to July and now is around 1.40 USD

Gold peaked in March, had a bit of a dip, then peaked again in about the first week of July at about 980 USD. It's now around 800 USD.

All the major indices, NYSE, Dow Jones, S&P, Nasdaq all hit bottoms in the middle of July and then turned around for very shallow rises that seem to have mostly evaporated by now.

And oil peaked out at about 140 USD in the second week of July and has now fallen to about 100 USD.

So, what happened in July?
 
So I've been watching numbers now for a few years. For a looooong time things US-wise looked like they were sliding to the abyss.

Then around March the DXY hit an anaemic 72 and there it stopped. Then around the first week of July it started to trend upward. It's currently around 80.

Similarly (not surprisingly because it's probably the major component of the DXY the Euro had been trading close to 1.60 USD from March to July and now is around 1.40 USD

Gold peaked in March, had a bit of a dip, then peaked again in about the first week of July at about 980 USD. It's now around 800 USD.

All the major indices, NYSE, Dow Jones, S&P, Nasdaq all hit bottoms in the middle of July and then turned around for very shallow rises that seem to have mostly evaporated by now.

And oil peaked out at about 140 USD in the second week of July and has now fallen to about 100 USD.

So, what happened in July?
 
So I've been watching numbers now for a few years. For a looooong time things US-wise looked like they were sliding to the abyss.

Then around March the DXY hit an anaemic 72 and there it stopped. Then around the first week of July it started to trend upward. It's currently around 80.

Similarly (not surprisingly because it's probably the major component of the DXY the Euro had been trading close to 1.60 USD from March to July and now is around 1.40 USD

Gold peaked in March, had a bit of a dip, then peaked again in about the first week of July at about 980 USD. It's now around 800 USD.

All the major indices, NYSE, Dow Jones, S&P, Nasdaq all hit bottoms in the middle of July and then turned around for very shallow rises that seem to have mostly evaporated by now.

And oil peaked out at about 140 USD in the second week of July and has now fallen to about 100 USD.

So, what happened in July?
 
So I've been watching numbers now for a few years. For a looooong time things US-wise looked like they were sliding to the abyss.

Then around March the DXY hit an anaemic 72 and there it stopped. Then around the first week of July it started to trend upward. It's currently around 80.

Similarly (not surprisingly because it's probably the major component of the DXY the Euro had been trading close to 1.60 USD from March to July and now is around 1.40 USD

Gold peaked in March, had a bit of a dip, then peaked again in about the first week of July at about 980 USD. It's now around 800 USD.

All the major indices, NYSE, Dow Jones, S&P, Nasdaq all hit bottoms in the middle of July and then turned around for very shallow rises that seem to have mostly evaporated by now.

And oil peaked out at about 140 USD in the second week of July and has now fallen to about 100 USD.

So, what happened in July?
 
So I've been watching numbers now for a few years. For a looooong time things US-wise looked like they were sliding to the abyss.

Then around March the DXY hit an anaemic 72 and there it stopped. Then around the first week of July it started to trend upward. It's currently around 80.

Similarly (not surprisingly because it's probably the major component of the DXY the Euro had been trading close to 1.60 USD from March to July and now is around 1.40 USD

Gold peaked in March, had a bit of a dip, then peaked again in about the first week of July at about 980 USD. It's now around 800 USD.

All the major indices, NYSE, Dow Jones, S&P, Nasdaq all hit bottoms in the middle of July and then turned around for very shallow rises that seem to have mostly evaporated by now.

And oil peaked out at about 140 USD in the second week of July and has now fallen to about 100 USD.

So, what happened in July?
 
An answer has come:

Perhaps not "the" answer, but it has the right timing.

Donald Coxe of Harris Investment Management in Chicago figures it was the Feds backing of Freddie and Fannie in mid July that got the snowball rolling.
 
Too early to call it a trend but now that the Fannie/Freddie thing is a done deal, the DXY broke down sharply and the Euro is gaining on the dollar again.

Now we have Lehman and Merrill Lynch to worry about. And since the beginning of the year:

NYSE -56.3%
Dow Jones -12.26%
Nasdaq -16.68%
S&P -11.92%
 
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