All the markets moved sideways, so there’s really nothing to report there.
Some folks are worried about stocks being in a BEAR market right now, and the possibility of a BEAR market rally – that’s when stocks go up for a short time before continuing their downward trend. For those of you who are traders, i.e. [...]
Today was a mini-repeat of yesterday. Stocks, after being slaughtered yesterday, were killed today. Bonds continued their value gain (decrease in interest rates) and ended below 4.0% for the 10 Year Treasury.
The Dollar continued it losing ways.
Oil continued up, and set another new high of $142.60; but, gasoline (always being difficult) lost one penny.
In the [...]
WOW!!!!! What a great day in the markets. Stocks got killed with the Dow down 358 points. Stocks got the real message about this economy and the market in general. Stocks are in a BEAR market, and today was a great example.
Bonds reduced in interest rates and pulled back to almost 4% on the 10 [...]
All markets moved sideways again – just like yesterday – except the dollar which lost value after the FED announcement today. Oil and gasoline moved a little downwards based on oil storage measures.
In the news today….
The FED announced today that it would NOT change the Fed Funds Rate (just as predicted). They used their loud [...]
Almost all markets went sideways today – awaiting the words of wisdom from the FED tomorrow.
The currency markets picked up on the weak consumer confidence number announced today.
In the news today…..
Housing prices dropped 1.4% in April, or 15.3% annually as a national figure. The fall in price seems to be slowing nationally, as it appears [...]
Stocks moved absolutely sideways with no change on the day. The market is waiting for the results of the FED meeting over the next 2 days. The bond market moved sideways too.
The dollar got a little stronger, and then gave up half of its gain.
Oil went higher along with gasoline. All the talk in Saudi [...]
Stocks took a massive hit today as oil price lit up in price. Stocks are just nervous about its future, and is selling into that fear. Financials are in deep trouble, and blue chip companies like GM are in trouble too.
Bonds increased in value as stocks fell, and bonds became a “safe haven” for the [...]
Stocks and bonds moved sideways today. Not much happening to move either of them.
Oil, on the other hand, decided it was just too high in price, and dumped $4.75/barrel off the price. Speculation is still rampant. What news caused this??? China said it was raising gasoline prices by 18%, and the world thought that this [...]
Stocks fell today 109 points, but everything else went sideways. Stocks were spooked by the increasing inflationary expectations, and the continuing fall in financials.
In the news today…..
The Producer Price Index (PPI) went up 1.4% in May. This was a larger than expected jump, but you naturally expected the jump due to energy price increases.
Output from [...]
Today was an unspectacular day in all markets. They all went sideways. Kind of dull.
The biggest mover that I talk about was Gold which moved up $13/ounce today.
In the news today…..
So. California home prices fell 26.7% in May over the previous year in the 6 most populous counties. This was the steepest drop EVER. The [...]