The US markets were closed today. However, an even more ominous event took place today. ALL the other markets in the world went down, and went down BIG TIME. Each market fell between 4% and 7%. That is HUGE.
Watch out for Tuesday’s US MARKET!!!!! It could be dramatic.
Stocks ended down again after yesterday blistering attack. This has been the worst stock market week of the year (that’s this year or last year), and I hope it doesn’t get worse in the future. I hope everyone can see that the Dow Jones Industrial Average is now rapidly approaching the 12,000 level. If you […]
Well, the Fed Chairman spoke today, and the stock market reacted correctly. It fell 307 points. It’s really going down now.
Bonds reacted correctly too, setting a new high in price = a new low in rate. Everything else went sideways, but they all will have their day. It’s just today wasn’t the day – everyone’s […]
Stocks and bonds went sideways – I guess everyone is exhausted from the past few days of frantic activities. However, once these players catch their breath, anything can happen.
Oil pulled back to about $90 a barrel – and that’s good news. If it could stay at that level, gasoline would start coming down in about […]
The stock market is so much fun to watch these days. The Dow Jones Industrial Index collapsed – down 277 points today. The reasons were the actual announcement of Citibank write-offs, and the Producer Price Index (PPI) going up 6.3% in 2007 (only a 26 year high). Traders rule, as they are making millions on […]
Stocks went up today, desperately seeking good news. Stock market players found that good news in the earnings announcement from IBM – not a very solid reason in my mind.
Gold hit an inter-day HIGH of $912 today, ending at $903.
The Euro and all other currencies are now challenging the highs they recently made. Watch this […]
Stocks dropped like a rock today. The Dow Jones was down 247 points. Why??? Well, it is because everyone got nervous at the same time about the financial condition of our economy and our financial institutions in particular. Stock players are starting to think about the spillover of the consumer not buying as much in […]
The stock market went up today based on reassuring words from Ben Bernanke and rumors that Bank of America is courting Countrywide. But, that’s not the whole story. Gold hit another all time high of $894 (just shy of $900), and bond interest rates soared too.
Why bonds? Well, they naturally go in the opposite direction […]
The stock market surged during the last hour of trading today with the Dow up 146 points. There wasn’t anything that happened in the news or economically to move the market, so rumor and emotion did its best to replace hard knowledge.
Bond interest rates fell again with the 10 Year Bond currently sitting at 3.79%. […]
The stock market started on the upside this morning, but leveled off, turned soft, and then plunged in the last few hours – with the Dow Jones 30 slipping 238 points. This is VERY bad news for the pundits who think that the beginning of each year portends the remainder of the year. Statistically speaking […]