Stocks roared up today on the idea that Congress will pass the bailout; and rose 485 points.
Basically all the other market unwound part of the gains/losses they made yesterday.
In the news today….
Congress is talking about having a new bill drafted for the bailout. The people who voted against the bill yesterday are saying they want [...]
Stocks set a record DOWN today when Congress rejected the $700B bailout plan, going down 778 points. Bonds were a safe haven with reducing interest rates – and bonds are a clear winner too. Bonds are betting the FED will reduce the Fed Funds Rate next month.
The Dollar went sideways with the Euro losing value, [...]
Stocks started out down this morning, spent most of the day about even, and ended up 121 points. There was very light volume in stocks today, so it’s best to ignore today as being significant.
All the other markets went sideways.
In the news today….
The news coming out of the talking heads in DC is that there [...]
Stocks were up today. They were up at the closing bell because all the statements coming out of Congress were positive – “a deal is very close.” After the closing bell, it all fell apart inside the Oval Office – or at least the truth came out.
Tomorrow is easy to predict right now. Stocks will [...]
All markets moved sideways today waiting with baited breath to see what’s going to happen with the bailout.
In the news today….
The main news today was that Congress rejected the Paulson/Bernanke $700B bailout plan. Sen. McCain stopped his campaign to work on the bailout exclusively – even cancelling Friday’s debate. Sen. Obama said he would work [...]
Stocks fell again today after trying to figure out what everyone was saying about the bailout – falling another 162 points. Bonds were flat today.
Oil, gasoline, gold and the Dollar just gave up a small amount of their recent gains/losses – so not much news there today.
In the news today…..
The big news were the Senate [...]
Stock plummeted today, down 373 points – are you enjoying the volatility? Up and down 300 to 400 each day??? If you have nerves of steel, you’re okay. Bonds were pummeled too, as they are very nervous about what this bailout means regarding inflation – so they increased in interest rates – counter intuitive.
Gold took [...]
Stocks surged again on the government bail out plan. Stocked ended DOWN on the week. Bonds fell in sympathy – with interest rates soaring.
Dollar fell slightly against the Euro, and gold corrected slightly. See my purchase advice on gold below.
Oil and gasoline rose dramatically, and it’s just like the good old days having oil jump [...]
Stocks were flat all day except at the end, and they jumped 410 points on news that the government is thinking about creating an entity to take over bad bank’s debts. More delirium.
Bonds moved lower (higher interest rates slightly) on the stock market news.
The Dollar, oil and gasoline moved sideways.
Gold had another massive jump today [...]
Stock rumbled, trembled, and fell like a rock today, down 449 points. The stock market is truly a bear market, and people are going to lose a lot of money. I told you about the “confirmed” bear market 6 months ago, and it’s interesting it has taken this long to really start dropping.
Bonds on the [...]