Stocks rose on the good news about the financial sector (What good news??) Bond interest rates fell on the same news.
Oil, gasoline and gold fell back to yesterday’s starting levels, that’s fun. So, more sideways movement.
The Dollar gained ground again moving strongly against most currencies, especially the Euro. Europe is seen as not being proactive [...]
I had the following question from one of the EconomyGuy readers, and I thought it was such a good question that I would spread my answers to the entire EconomyGuy readership.
The question was “What predictions do I have for the next six months?”
Here’s what I see:
A recession
Another BIG bank/brokerage company going under.
A lot [...]
Stocks continued their slide downward today by shedding another 110 points. Bonds sort of made up for yesterday’s crazy rally by giving up a little value, and increasing interest rates. The Dollar went sideways except against the Yen where it lost value.
Gold gained back $17 – but, I think there will be further falls in [...]
I am giving these number about 30 minutes before the close of the market. They may change some, but not much.
Stocks fell today down 140 points (or more by the close) as the financial institutions AGAIN seemed weaker than expected. Bond interest rates fell in sympathy as expected in these circumstances.
Oil, gasoline and Gold fell [...]
Stocks moved sideways today trying to digest last week’s gains. Bonds gave up some ground, and increased interest rates across the board.
The Dollar continued its gain, as did the meltdown in oil and gasoline.
Gold was the newsmaker falling $37. This brings gold into the buying range, but I recommend waiting to see where gold [...]
I must apologize for the interruption to economyguy, but I’m hoping to have this sorted out on this ship. I had the architect of the ship’s IT System working on it, so it should be much better now.
Friday was sort of historic in the markets today. The stocks went wild as oil dropped to technically [...]
Stocks fell as the pundits thought the financial sector performance looks rather bleak. When the market sees a glimpse of the truth, it reacts correctly. Bonds fell in interest rates. Oil and gasoline rose a little, gold fell, and the dollar gains a little ground.
In the news today…..
AIG, the world’s largest insurance company announced its [...]
Everything moved sideways based on no news. The Dollar crept up on fears of a “global recession” as this is seen as good news for the Dollar. The Euro weakened because the Europeans are coming to know that there will be a recession in Europe in the near future. That means no more rate hikes [...]
I am going to try an experiment – trying to write the economyguy while traveling throughout the world. That means the timing of the articles might be affected, or I might miss an article if I get into a “computer unfriendly” area. But, assuming I can connect to the internet, all should be okay. I’m [...]
Stocks moved mostly sideways awaiting tomorrow’s FOMC meeting, ending down 42 points. Bonds did the same, as did the Dollar. Gold dropped $10 as the news is only “good” for the economy – can you believe that??
Oil and gasoline dropped a lot. Oil fell more than $3 – even though there’s a storm off of [...]