The Stock Market dropped big time today as the fear of a recession hit home. The DJ30 fell 316 points. That’s over 425 points in two days, BUT it is still a sideways move overall.
The Bond market was the big story today. There was a “flight to quality” as people fear the recession problem, selling [...]
Stocks decided to give up some of their recent gains, and closed down 112 points. This must be very predictable if this market is to continue going sideways. Also Bernanke gave some scary (he didn’t mean to) words to Congress again today.
Bonds fell significantly in interest rates as the market took to heard that we [...]
Stocks moved all around today, and ended up about where they started. Bonds did the same.
The real news is the Dollar Downdraft. The Euro hit a new high of over $1.51. Where could the dollar go from here? My opinion is that it will only go down over the long run. (There will always be [...]
Stocks jumped up again today by 115 points. A nice jump. While the economic news should cause the market to collapse, the pundits decided that because IBM was going to buy more of its own stock back, this was a good sign for everyone.
Bonds gained a little in contrast to the stock market.
The Euro hit [...]
Follow this bouncing ball – it’s fun and scary.
The stock market soared 189 points today, being down most of the day, but surging at the end. Why?? Well, S&P said they would keep the AAA rating for MBIA and AMBAC (those bond insurance companies I’ve been talking about lately.) Why would S&P do that? Well, [...]
A very boring day in the market unless you were a trader. The market was negative almost the entire day, and in the last few minutes, it climbed to a positive 91 points. Another sideways week in stocks.
Everything else moved sideways too, as this was a breather day for trading across the board.
In the news [...]
The Stock Market reversed yesterday’s gains, and closed down 113 points today. This was caused by the irrational belief in the Philly Fed industrial report.
Bonds gave us some relief by declining slightly in interest rate. Interesting that I said “slightly”. It shows how a massive move like 0.13% in one day, can be considered “not [...]
Stocks did their irrational thing today – started out lower, and ended up higher. In the end, it moved sideways again.
Bond interest rates continued to climb on inflation worries. Bonds look out further in time than stocks will ever be able to.
Oil and Gold hit new highs today. Are you getting used to $101/barrel oil?
In [...]
All the markets jumped today. Even the stock market – it started out with a big 100 point up, but ended down at the end a little. The stock market finally smelled the inflation scare.
The 10 year Bond Market jumped (in interest rate) again ending up near 3.9%.
Oil jumped over $100 and gasoline jumped way [...]
All markets moved sideways today. Oil continues its move toward $100 again. Generally, today was a pretty boring day.
In the news today….
Industrial Output was up 0.1% in January over December. This is the same as December, and fairly poor movement. Just another confirmation of a potential recession.
Alan Greenspan said that we were “on the edge [...]