August 4, 2011 – Do You Remember When’..?

Featured Trades: (DO YOU REMEMBER WHEN'..?), (GLD), (INDU), (USO), (FXF)

3) Do You Remember When'¦.?
The stock market managed to eke out a modest 29 point gain today, the first time in nine trading days. If it had closed down a ninth day, it would have been the first time since 1978.

I remember those days well. The Dow average then was trading at 700. Gold (GLD) was at $180 an ounce. The Euro (FXE) would not be created for 20 years, but the Swiss franc (FXF) was floating around 32 cents. Today it is 75 cents. Crude (USO) was priced at $14 a barrel, and gasoline was a mere 65 cents a gallon.

The Chevette five door hatchback was the top selling car in the US. And we all had mutton chop sideburns.

Yes, I Remember Them Well