As you have no doubt seen in any number of places online and off
already today – March 9th marks the three year anniversary of the global asset rally which began on March 9th, 2009 – as ugly a day for investors as you will find, with US stock markets closing at a 12 year low after having lost over 50% of their value in just over a year and a half. It really seemed like the end of the (financial) world.
Today the rally off of the 2009 low turns three, and talk about this birthday has been popular among the main financial news networks. Not one to skip out on the trend, we decided look at how the markets typically tracked by managed futures programs have done since the so called “market” hit its financial crisis lows.
A few things jump out at us right away:
Natural Gas – if you couldn’t go up over this period, do you have any hope of ever going up ?
Cotton – Up over 466% since the 09 lows at this point last year, and now just 132% – that was a tough past 12 months.
Gold – you would think from the TV ads and your rich uncle talking about how he bought Gold that it had quadrupled in the past three years – not so, and in fact all the main US stock indices have done better than Gold since the crisis ended.