At least the USD is somewhat more stable than it has been. My Swiss watch, bought when 50 SFr = 50 USD, is now worth $55.52.
OTOH, gold and silver and oil are more or less falling out of bed. Gold closed at $1626 and Silver finished the day at $30. Remember those great days a few weeks ago when gold closed above $1900 for a glorious moment? And silver spiked to almost $46 a little while ago? But if you looked at the charts, it’s clear the rate of the price increases was unsustainable. Gold was pretty spiky, too.
On the other, other hand, and good news for consumers at least, crude oil is down to $78.75/bbl. We noticed gas prices have recognized the drop and also have declined, but without actually doing the math are willing to bet that gas prices haven’t gone down as much, percentage-wise, as crude oil. Just a guess.
The Model Portfolio shows the true bloodiness in the streets today, but thank goodness our own MPI did not fall as much as the DJIA: