All Time High for CCI | Stock Market Investing

Sunday, June 15, 2008 | Home | Andy Mayo

Commodities  rallied to a new all-time high as measured by the Reuters-CRB Index (CCI) last week while international stocks fell sharply  -- the Emerging Markets ETF (EEM) fell -2.41% and the developed markets ETF (EFA) fell -2.53%.

The major domestic indexes were mixed: S&P 500 was down slightly (-0.05%) while the Dow Jones Industrial Average was up 0.80% and the Nasadaq 100 was down -1.22% and the small cap Russell 2000 index was down -0.91%.

What's significant is that the US share of world market cap in stocks is now just below 30% -- it was 45% at the start of 2004, according to Bespoke Investment Group.  All the charts are in Charts.  Charts are courtesy of StockCharts.com.

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