Stocks and bonds sort of moved sideways today, trying to understand the news – which they didn’t.
The Dollar went sideways too.
Gold and Oil had large decreases in price today, and to be honest with you, I don’t understand why this is happening, other than normal trading by speculators.
In the news today….
The big news today is [...]
Stocks fell again yesterday as consumer spending has fallen off. Bonds gained (and interest rates fell) for the same reason.
Gold and oil fell back a little yesterday, and the Dollar moved sideways.
Basically, the markets were predictable, and boring.
In the news yesterday…..
Consumer Spending was up 0.1% in February. When you adjust for inflation, the consumer spending [...]
Stocks fell again today, to insure that the market is just going sideways. Actually, it was the poor 4th quarter GDP numbers that depressed the market. Bonds went no where today.
The dollar got a little strength, and didn’t try to make a new high as I had predicted yesterday. Oh well, predictions are tough.
Oil continues [...]
Stocks fell on the fear of falling housing prices, and poor economic data. Bonds went no where.
The Euro is poised to test its all time high tomorrow. The Dollar continues to amaze me with its rapid fall.
Oil lit on fire today as there was a very poor inventory numbers reported, and the dollar kept falling. [...]
Stocks and bonds moved sideways today, recuperating from yesterday’s big move up.
All the futures markets jumped up again. The Euro tacked on over 2 cents, oil pushed up a little, and gold jumped up $16, starting their way to new highs.
In the news today….
US home prices nationwide dropped 11.4% from January to January, the biggest [...]
Stocks bounced straight up today, closing up 187 points. This was because JP Morgan decided it could pay more for Bear Stearns; rather than $2/share, they could pay $10/share. My discussion of this purchase showed that $10/share is still probably a fair price. Where are the ruthless people on Wall St? The FED didn’t like [...]
Happy Easter Weekend. Unless something spectacular happens tomorrow, I won’t be writing an EconomyGuy on Friday.
Stocks climbed consistently today, ending up 262 points.
Bonds held onto their recent gains, and even extended them with the 10 Year Treasury interest rate declining to 3.33%. This continues to be a sign of fear in the credit market, and [...]
Stocks got scared today after yesterday’s big run up, and ended down 293 points. As much as everything changes, it stays the same. We are now in a lower sideways movement. Tomorrow should be interesting too.
Bonds got that excess stock market money in its role as a “safe haven”, and the 10 year treasury interest [...]
The stock market waited for the FED to announce its Fed Funds Rate cut, and then soared up 420 points. It is sure fun if you are a day trader. Moves like these just don’t happen normally.
10 Year Treasury Bonds fell, and increased in interest rate to 3.45%.
Currencies pulled back from their all time highs, [...]
World stock markets were rocked by the Bear Sterns collapse. The US market started out down, went way up, and ended just a little up at 21 points.
The Bond market showed what people were really thinking. The 10 Year Treasury hit 3.31% at the close – a massive fall in interest rates. [...]