Oil, USD and the Dow Jones
by John on 14/11/08 at 2:17 am
Here’s a chart comparing this year’s performance on Oil, USD and Dow Jones:
Conclusions:
1 - The stock market was already crashing when the OIL was rising. Then the OIL crashed and the stock market kept falling.
2 - The strong relationship between USD and OIL continues to make sense. OIL up, USD down, and USD up, OIL down.
3 - Between USD and DJIA there wasn’t much correlation. Since June, the USD is up and the market is down, however as you can see by the chart between January and June there wasn’t much correlation.
