This week’s market update is posted at AlphaBaskets looks at the havoc being wrought by oil as well as checking the latest on the deflation trade. We also found a magazine feature about Pips the dog that Joellyn and I took to the University of Washington to join the Conservation Canines program. His story keeps getting better.
From the update;
West Texas Intermediate Crude fell 4% on Friday alone and over 11% for the week making this the second week in the last three that this market has crashed. Crude has fallen almost 50% since June. Gold, hated metal that it is, is down roughly 35% in three and half years.
Please click through to read the entire update.
I got back from Spain very late on Friday night. I’ll have more to say on the experience in a subsequent post (I went because my father who lives there is having serious health issues).