While one week does not a trend make, the results for asset classes over the last few days as reported in the Wall Street Journal’s What’s Hot – and Not update looks an awful lot like early-2008, when the only things going up were commodity prices – and they went up a lot.
The situation in Libya looks like it will get worse before it gets better, so, look for more of the same in the week or two ahead. As for the spring (now only three weeks away), anything’s possible, but, more and more, 2011 is “rhyming” with 2008.
