The stock market fell 175 points today, and was a basically meaningless movement. Still sideways. 179 points up yesterday and 175 points down today means absolutely nothing. Just sideways momentum. Bonds had the real story today. Bonds broke down, and hit a recent new interest rate high – 3.82%. This was caused by the testimony [...]
The stock market shot ahead 179 points today because of the “great” Retail Sales figures reported this morning. However, the news isn’t all that good, but that doesn’t stop market sentiment. However, this is just another “sideways” move by the market in the range of the 12,000’s. Bonds and gold moved sideways. Oil and gasoline [...]
Stocks went up (133 points) and bonds values went down (increased interest rate = 0.06%) due to Warren Buffet coming into a key place in the economic market today. Let’s look at this big news story. Warren Buffet announced he was willing to back the faltering bond insurers (like AMBAC, MBIA, and Financial Guarantee Insurance) [...]
The market did its usual tricks starting much lower, and ending higher, up 58 points. No real news moved the market today. The bond market fell in interest rates today because of the AIG news (see news below). Oil continued its climb on supply worries in Nigeria. The rebels in Nigeria are truly jeopardizing the [...]
The stock market ended down again today. Nothing but worry moving the market. Bonds on the other hand started with declining interest rates, and continued declining all day. Bonds ended up at the same place at the end of the week where it started at the beginning. Oil jumped $3.66/barrel on supply worries. Problems in [...]
Stocks moved up and down and up today, and ended up 47 points. The real action was in the bond and currency markets today. The 10 year bond ended up 0.12% today, a major move. There was a “bad” auction of 30 year bonds with the Fed today as bidders felt that inflation might be [...]
The stock market started out higher today, and was up 125 points during the day, but ended down 65 points. Today’s market didn’t appear to be news driven – just pessimistic about the economic future of the US. Bonds moved sideways most of the day. For bonds to make a major decrease in interest rates, [...]
This is the way a market reacts to a recession. The Dow Jones went down 307 points today, and amazing fall. Interest rates fell, oil fell, gasoline fell, gold fell. In the news today….. The Service Sector contracted SIGNIFICANTLY in January. The ISM Index for the Service Sector was 54.5 in December, and 44.6 in [...]
The stock market is exhibiting its favorite behavior – volatility. The Dow Jones was down 108 points today. Today must have been a reaction to the great week in stocks last week. Everything else went sideways. In the news today… Not much. The President is coming out with his fiscal budget, and it is BIG. [...]
The stock market started out down, but ended up 93 points. This week ended way up. But, don’t get too excited about that. This last January was the 6th worst January for an overall Dow Jones Industrial loss since 1929. There have been 9 January’s with a loss, and 7 of those January’s ended up [...]
