Stocks corrected from yesterday’s big up by having a big down, down 171 points. All other markets moved sideways.
In the news today….
Personal Income in July was down 0.7%, and this is a bigger deal than the number would suggest. Personal Income has been falling over the past 3 months, and this is bad news for [...]
Stocks jumped up 213 points today on the GDP report for the 2nd Quarter. As usual stocks were acting irrationally, but what do you expect. You cannot count on rational stock movement day to day. Bonds moved slightly in sympathy with a slight upward bias in interest rates.
Gasoline and oil jumped up as the oil [...]
A fairly boring day in the markets with stocks rising 90 points. Bonds were the only true indicator of what’s going on in the market – economic uncertainty. 10 Year Treasury interest rates are holding well down below 4% indicating the “safe haven” tendency of people trying to protect their money. Will it last? It [...]
None of the markets moved on Tuesday. Oil added a little, but the hurricane in the Gulf isn’t scaring people as much any more. Gold seems to have stabilized.
In the news today….
Consumer Confidence was up last month as lower gasoline prices gave people hope. People are really fickle. Just ignore any reports on Consumer Confidence. [...]
Stocks dropped 242 points today as the financial bad news keeps building. Fannie Mae and Freddie Mac are weak. Lehman Bros is weak. Another small bank fell over the weekend. Bonds gained back all of its losses from last week as a safe haven (as interest rates fell).
Gold, the Dollar, Oil and gasoline all went [...]
Stocks jumped up today by 198 points. Have you noticed that over the past few months that the DJ30 Index hasn’t gone anywhere, but it has gone up and down a lot?? Does that make you wonder if it’s worthwhile investing in stocks?
Bonds moved sideways today, and Gold fell just a little
The Dollar strengthened today [...]
From Tom Harvey – author and Cyrus Uible – technical guru.
Stocks moved sideways today, and bonds did too.
Oil and gasoline had a massive rally in price as fear swept the market over the Russia – US impasse over Georgia and US Missile Defense in Poland. The Dollar lost ground along with the rise in oil.
Gold [...]
Stocks see-sawed today and ended up 69 points. The major news was the Fannie/Freddie scare that they “really” need help. (Where have these idiots been all this time – of course, they need help.) Bonds reacted in their “safe haven” role and fell in interest rate.
Oil and gasoline went up slightly today, but not much [...]
Sorry to have missed yesterday’s market, but international travel does have its hiccups. However, I’m now connected.
Stocks fell for the last 2 days. The main reason is the fear of more financial meltdowns, and that fear is a real one – not just one that the market makes up to move itself. Bonds reacted correctly [...]
There was really no news out there today. Stocks moved sideways, but bonds continued their increase in value (decrease in interest rates) as people continued to feel that inflation is getting better, so maybe treasuries won’t go up. Good luck.
Oil and gasoline continued their downward trend, and this is providing the impetus to the markets.
Gold [...]