Friday was a non event in the stock market. Much to be expected. People are really winding down, and looking forward to their Wall St. bonuses that are 14% higher than last year. Have you ever asked yourself why it’s higher this year?? The financial companies are doing terribly – in the […]
We saw the crazy market gyrations in action again today. The Dow was down 192 points, and this kept stock market trend continuing its sideways movement overall.
The very sad news that Benazir Bhutto was assassinated in Pakistan has some overriding implications that I want you to be aware of. Pakistan is […]
What an interesting Christmas season we are having in the markets. The stock market was open last Monday, Christmas Eve, but was a short trading day. On Monday, stocks climbed about 100 points, and today stocks climbed 2 points.
Today every other market started to move.
Bonds are the market to watch. Today, the 10 Year Treasury […]
Issue: 12/20/07 Thursday
The entire market went sideways today. No major moves.
Did you catch President Bush’s question and answer session today? He said exactly what I have been saying over the past months. He wants the financial institutions to declare exactly what their position is with regard to their sub-prime loan investments. He is tired […]
Issue: 12/19/07 Wednesday
The market was up and down and up and down today. I’m feeling seasick. We are definitely in the light volume season of trading from today all the way to the end of the year. Moves can and will be exaggerated. Bonds increased in value slightly as bond players are still trying […]
Issue: 12/18/07 Tuesday
The market consolidated today mostly. Thank goodness stocks didn’t go down again – so it’s like dodging a bullet. We continue to be firmly in a sideways trend in the market, technically speaking.
The big news was that the European Central Bank (ECB) will drop $500B into the European system over the next […]
Issue: 12/17/07 Monday
The markets have started (please emphasize the word – started) to rationalize the meaning of the historic move the Fed made last week – meaning the move to add lots of liquidity to the US and European markets.
The stock market fell 173 points today after falling 178 points last Friday. Tomorrow […]
Issue: 12/14/07 Friday
I bet you haven’t seen the word Stagflation yet in the news today. However, that is exactly what the Fed is worried is happening. It is a combination of a stagnating economy (think going into recession) and inflation – at the same time. It’s happened before, and […]
Issue: 12/13/07 Thursday
The stock market tried to figure out what the latest Fed moves meant to it, and after being down most of the day, it ended up slightly. This is the normal noise in the stock market, and it is to be ignored.
The Bond market on the other hand decided […]
Issue: 12/12/07 Wednesday
Today was an historic day for the Federal Reserve. After making their 0.25% reduction in the Fed Funds rate yesterday, today it made another very important announcement, and it’s having ripples across most markets.
The Federal Reserve announced that is going to put $64B more liquidity into the economy. Why […]