Issue: 10/31/07 Wednesday
The Feds cut the Fed Funds rate by 0.25% today, and it is now at 4.5%. The means the prime rate for most (or all) banks is now 6.5%, and the interest rate charged on credit cards should be coming down a little. Also, bank interest rates, CD rates, etc. should be coming [...]
Issue: 10/29/07 Monday
Today the markets were moving as if the Fed will drop the Fed Funds rate by 0.25%. Stocks went up, bonds moved sideways (already built in the new rate), the Euro, oil, gas and gold all went up.
I personally think the Fed will drop the Fed Funds rate by 1/4%, as recessionary risks [...]
Issue: 10/26/07 Friday
The week ended on high note if you’re in stock, but in a low note if you’re an American. The Dow ended up 135 points, but the Euro hit a new high, and so did oil and gold.
Here’s what happened to the Euro.
The dollar skidded to fresh record lows on speculation that U.S. [...]
Issue: 10/25/07 Thursday
Today was a great day if you are in the commodities market or the currency market. The stock market went sideways again. Bulls = Bears.
The Euro set a new high, oil set a new high and told set a recent high. Bet that didn’t help many people’s 401K’s.
So, let’s look at today’s [...]
Issue: 10/24/07 Wednesday
The big deal today was the Bond Market. It went down to 4.33%. Is this a clear indication that the bond players think the Fed will be lowering interest rates on Halloween?? Trick or Treat?? You decide.
The stock market didn’t move at all. It went way down, and ended [...]
Issue: 10/23/07 Tuesday
Today was a non-day. The market, being very fickle, moves on emotion, and there was no news that elicited any emotion today. The Dow did go up 109 points, but only on good earnings. Earnings can be good, and earnings can be bad. It just depends on the companies announcing on that day. [...]
Issue: 10/22/07 Monday
Thank goodness we’re past last week when the market went down over 500 points. Today, the market sorted itself out, and had time to think without the panic of last Friday. The market started out down, but ended up 45 points.
What was the big story today? It was oil (down $1.04) and told [...]
Issue: 10/19/07 Friday
By Global Economy Guru, Tom Harvey…
I hope you didn’t blink today because the stock market was the story today. It went down 367 points. Why did it do that?? Well, it’s because the majority of players in the stock market finally learned the “R” word. They got scared because [...]
Issue: 10/18/07 Thursday
By Global Economy Guru, Tom Harvey…
The market kind of went sideways today again. The big movers today were the bond market, oil and the Euro. The 10 year bond reduced in interest rate to 4.50%; Oil set a new high of $89.47; and the Euro ended at $1.4298.
Eisuke Sakakibara, formerly Japan’s [...]
Issue: 10/17/07 Wednesday
By Global Economy Guru, Tom Harvey…
The market kind of went sideways today. However, the big mover today was the bond market. The 10 year bond reduced in interest rate to 4.55% – and it was a huge move down – 0.11% in one day.
The bond market has been boosted as players [...]