The Bear Sterns announcement today knocked the stuffing out of the stock market and it fell 195 points. See news story below. Bonds became the “flight to safety” point for all that money, and the 10 year treasury fell 0.11%, a mighty fall. As promised yesterday, currencies were poised to make new highs, and the [...]
Stock dropped dramatically at the opening of the market today, and swept upward throughout the day to end up 35 points. Why? You ask? Well, S&P came out today and said that all those financial institutions are near the end of their liquidity write downs. Do you believe that? Well, the market did. I don’t. [...]
I am going to spend the majority of today’s Economy Guy talking about the markets. Usually I talk about the news, and give you the story behind the story, but today the story is the markets – all of them. Stocks gave up a little of that gigantic gain they made yesterday. This doesn’t look [...]
What a great day in the stock market. The market went up 417 points today on the news of the FED bailing out the investment banks. Today’s up market was the biggest up day in the past 5 years. Bonds went along for the ride, and read the FED move as inflationary, so interest rate [...]
Stocks fell again today, and this could be the beginning of a long slide downward, breaking the sideways movement we’ve been in for the last few months. Those experts who follow the DOW Theory are saying that the stock market is now definitely in a BEAR market. The DJ30 fell 154 points today. Bonds continued [...]
Stocks fell again today. Down 147 points. This is a little steeper than the normal sideways movement that we’ve come to expect. This could be the first leg of a downward bear market in stocks. Stock traders are taking our recession a little more seriously now, and the Dow 30 Industrial index shows it. Have [...]
The stock market is getting more interesting. The Dow Jones 30 Industrials moved down 214 points, and now is just a little higher than 12,000. That Nasdaq and S&P500 are both at 52 week lows. This doesn’t look good for stocks. Certainly not the place to be investing unless you are a day trader – [...]
Stocks moved sideways again today, ending up 41 points. Nothing too exciting there — but wait. Bonds fell in value (increased in interest rates) as the AMBAC (bond insurer) fiasco played out today. AMBAC announced it will be raising $1.5B by selling its shares. It looks like the banks reported a few days ago, won’t [...]
The stock market continued its sideways move today by moving down 45 points. 10 Year Treasuries increased in interest rate by 0.05% as a correction to the recent downward rate moves. The Dollar held steady today. Gold, Oil and Gasoline all moved down in price as profit taking took place from the massive recent increases [...]
Most all of the markets marched in place today. No change was recorded in the stock market, the bond market, and oil and gasoline markets and the currency market. The Oil market did set a new record high of $103.90 during the day, but settled back at the close. Only the Gold market moved forward [...]
