Commodity Collapse

While it was only this Summer that commodities were closing at 52-week highs nearly every day, this week the CRB commodity index closed at a 52-week low only 96 calendar days after closing at its last 52-week high!  This is the second shortest time span between a close at a 52-week high and a close at a 52-week low that the index has had (since 1956).  In addition, the current collapse in prices is the only time the index has declined by more than 30% over a 100 calendar day period.

click to enlarge

Comments

[appone:]

Deflation?

2008 Oct 10 06:21 AM

[LoneRngr:]

why does the article reference 1956 but the table shows the shorter decline taking place in 1984?

2008 Oct 10 09:17 AM