For Commodities, It’s 2008 All Over Again. 18 of the 22 components in the Bloomberg Commodity Index have dropped at least 20%

Share with your friends










Submit

18 of the 22 components in the Bloomberg Commodity Index have dropped at least 20% from recent closing highs, meeting the common definition of a bear market.

 

As Bloomberg details, that’s the same number as at the end of October 2008, when deepening financial turmoil sent global markets into a swoon.

Dear Commodity Investors – Welcome back to 2008!!

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.