2008 Performance of Stocks, Oil, Dollar, and the Long Bond

Below we highlight the year-to-date performance of the S&P 500, oil, the dollar, and the long bond (10-Year Treasury Note).  While it has been a horrible year for stocks (S&P 500 down 39%), it's been much worse for oil, which as we all know was up nearly 50% for the year back in July.  While most asset classes are down big, the US Dollar has risen 6%, and Treasuries have skyrocketed.  As shown, the 10-Year Treasury Note is up a whopping 21% this year, prompting the majority of market participants to call it the next bubble.