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1.Market Observations

30 July 2012 (AFR) – When the Games ended, balloons burst

[COMMENT: A fantasticly interesting observation decribed in this article below. When the London Olympics finish in a few days time, will commodity and equity markets crash? Will histroy repeat itself?]

(30 July, 2012, AFR, p29, Stephen Wyatt)

The Beijing Games were the calm before the storm

‘Four years ago the Beijing Olympics, starting on August 8, 2008, marked a period of peace for global markets. But once the Games ended, all hell broke loose.’

‘Commodity markets crashed. The widely followed Jeffrey Reuters CRB Index of US commodity futures markets halved from August 29, 2008 through to February 2009.’

‘Global equity markets similarly crashed. The US S&P 500 also halved. It fell from 1300 in August 2008 to near 650 in March 2009.’

Read more at (might need AFR login access)


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