Issue: 10/15/07 Monday & 10/16/07 Tuesday The stock market finally got scared and went down 108 points today. Oil went crazy and ended up above $86 a barrel. Why did this happen??? That’s the question for today, and my answer is “You can thank your US Congress!!!!!!!” Here’s how I got there. The US Congress [...]
Issue: 10/12/07 Friday The stock market did it’s normal thing today and was up 78 points. The bond market continues to creep up steadily, and this is the big mover over the past week. Today the 10 year bond ended at 4.69%. This is increasing the steepness of the interest rate spread. The steeper it [...]
Issue: 10/11/07 Thursday The stock market went insane today. It was up BIG in record territory, and then it dove into negative territory, ending down 64 points. What caused all that tenseness and terror??? Well, it was our friends in Europe and the Middle East. It turns out that the European Central Bank said [...]
Issue: 10/10/07 Wednesday The stock market fell today. Well, markets go up and markets go down. It was its time to go down today. Everything else kind of stayed the same except Oil that went up over a buck. I love paying lots of money for my gasoline. Do you too? Here are the real [...]
Isn’t it amazing how the market just bounds upward on the hope of a rate cut. Well, this time the market is probably right in its hope. I must apologize for not having a report yesterday. I was on an airplane all day, and didn’t arrive at my destination until very late at night. Well, [...]
Issue: 10/5/07 Friday The market keeps powering ahead. This should be the trend for stocks for awhile. The big move today was bonds, or interest rates. The 10 year bond fell in value by going up 0.12%. This was an enormous move, and was caused by the reasonable employment figures. Job creation picked up in [...]
Issue: 10/4/07 Thursday The market resumed it normal trending today, except the stock market moved sideways. The dollar weakened across the board, oil and gasoline prices jumped, gold started back up and the bond market improved. My opinion is that sanity came back to the currency market, helped by the fact that the European Central [...]
Issue: 10/3/07 Wednesday By Global Economy Guru, Tom Harvey… The market went down 79 points and closed below 14,000 today. That was a reduction of more than 0.5%, a fairly hefty fall, but nothing close to a record. Today the dollar strengthened against all other currencies. Otherwise, it was a sideways day for the markets. [...]
Issue: 10/2/07 Tuesday By Global Economy Guru, Tom Harvey… The markets took a deep breath today, and relaxed a little. After strenuously moving in their last direction, most markets eased back a little. Except Gold. Gold decided it was way too high, and went down $18 today. All in all, today’s news was just boring. [...]
Issue: 10/1/07 Monday Wow, that market just keeps powering ahead. The big mover today was the stock market, up 192 points. Oil settled back $1.42 so it’s back in its “normal” range of about $80 a barrel. Do you remember when oil’s “normal” range was $60 a barrel. The stock market is being powered by [...]
