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The last several trading sessions in the stock market, stocks either started down, and ended up, or started up, and ended down – and in both cases there was a big swing in points. Today, stocks started down, and ended up 207 points. The rationale was that the Bond Insurance companies, especially MBIA, said they [...]
The FED pulled the trigger, and reduced the Fed Funds rate by 0.50%, reducing the rate to 3.0%. That puts the prime rate at 6.0%. It’s been a long time since we had such cheap money. Nice if you can access it.
The stock market waited for the announcement, then moved up, and abruptly moved down [...]
Stocks moved up again with expectant anticipation of a 0.50% cut in interest rates tomorrow from the Fed. However, the bond market interest rate went up today, and lost of its bias that the Fed would be cutting the full 0.50%. If the Fed cuts anything less than 0.50%, then watch out as stocks get [...]
Stocks opened down, and went steadily upward all day ending up 177 points. This is the exact opposite action that happened last Friday. It looks like we are in the “big sideways” move by the stock market. The market certainly didn’t go up because of the poor housing data. It went up on the “hope” [...]
The market started up 100 points and fairly steadily declined all day to end down 171 points.
All markets were trying to settle out the shaking that had happened on Monday when the rogue trader in Societe Generale unwound his lousy trades. So, all in all, this was a fairly good week for the markets.
In the [...]
Tech update: I’m working a lot on changing the blog around this weekend so make it more user friendly. So if something is amiss just ignore it and hopefully it will be fixed by Monday. Thanks!
Cyrus Uible (EconomyGuy.com technical guy)
The market got a boost today from the “Stimulus Package” talks, and ended up 108 points.
The 10 Year Treasury took it in the shorts as the rate increased 0.21% (IN ONE DAY), ending up at 3.64%. Bond prices were just doing their normal thing as people took money out of bonds to put in the [...]
The stock market was the news maker today. It went down 323 points in the morning, and ended up 299 points in the afternoon. This volatility thing is getting a little out of hand. Somebody’s making a fortune on these swings. Why did the market go up at the end? It is hoping and assuming [...]
There was REAL FEAR on the trading floor of the NYSE this morning. No one knew what was coming. The futures had priced in a 500 point decline for the opening of the Dow Jones Industrials Index. The international markets had dropped precipitously on Monday, and had continued and accelerated downward today before our opening. [...]