Stocks moved sideways as did bonds today. All the headline news for stocks was “good” as major companies reported increased earnings. Profits are going down, and you had better know it now. Only companies with good overseas situations (like McDonalds) will show improved profits. Oil supplies increased pushing oil prices lower, and that was viewed […]
The stock market fell 105 points today for decent reasons – corporate profits were not good enough. In reality, the stock market is just going sideways, and as it went up last week, it was time for it to go down this week. Bonds went sideways too.
Oil hit an all time high […]
All the markets moved sideways today, except OIL which hit a new high over $117/barrel.
Stocks didn’t react to the news that Bank of America had a declining profit margin. Remember that this type of news kept stocks roaring up last week, but not this week. Markets are truly irrational.
In the news […]
Stocks shot forward on the news that Google made a huge profit, and CitiGroup didn’t go bankrupt, but just came in with a big negative. Irrational.
Bonds continued moving up a little in interest rates as there is a rumor the FED may not cut interest rates at all next time around.
The Dollar strengthened as the […]
All the markets went sideways after they all went up yesterday.
The only exception was the Bond market which increased interest rates again as a warning that inflation is still coming our way.
Also, gasoline continues to power forward, setting a new high each and every day. Yuch….
In the news today….
Merrill Lynch announced it was going to […]
What a great market. Everything went up today. Everyone’s a winner – or are they???
Stocks jumped 257 points, a massive jump. This was caused by great earnings numbers being reported (read the story below to get the true story).
Bonds jumped to 3.70%, and this is truly reflecting the inflation in the system. No one can […]
Stocks moved sideways again today. The month of April is generally very bullish before tax day, and very bearish after tax day. This year has been different. The market has been indifferent before tax day. What does this mean for the rest of the month?
Bonds were hit hard by the Producer Price Index increase that […]
Again and again the stock market goes sideways, as does the bond market.
The IMF tried to bully the dollar into going higher today, and it indeed succeeded. However, after the dollar shorts covered, the pound investors took over, and called the IMF bluff. So in the end, the dollar moved sideways […]
Reality came to the market, but for the wrong reason. GE earnings came in poorly, so the whole market tanked. That is irrational, but so are stocks. The market went down 257 points.
Bonds moved sideways, as did oil; but gasoline went up a little showing its independence, and stubbornness to cause all of us to […]
The market moved sideways again today as did the Bond market. - nothing much new there. Are you getting tired of this sideways movement? The one thing you can guarantee is that no one is making money in these markets as a straight buyer.
The Euro set a new high today – just slightly higher than […]