Stocks bounced up 142 points today after yesterday’s mauling. There is always hope in the market – hope that AIG will get bailed out, hope that WaMu isn’t that bad off, hope the FED doesn’t cut rates… Bonds lost very little (only 0.01%) as the FED decided to NOT cut the Fed Funds Rate. Bond [...]
Stocks fell dramatically on the Lehman Bros news. This was the most rational reaction that stocks have shown all year. The Dow fell 504 points. I believe that stocks are now going to go down for awhile and hit a new (lower) plateau to then go sideways from. The current sideways movement I believe is [...]
Here is a SUNDAY SPECIAL of economyguy – today is a VERY interesting day in the economy. Lehman Bros is about to go bankrupt – and I’m writing this before it happens. If it doesn’t happen, then the pain continues as it has in the past weeks for the financial sector of stocks and the [...]
Stocks, Bonds and the Dollar all went sideways today. Oil and gasoline dropped, but I bet you still don’t see gasoline prices below $3 at the pump yet. It should be soon, if the futures price of gasoline is passed onto the buyer. Gold stayed steady today. That great opportunity to buy could be around [...]
Economic worry caused a huge decline in stocks today, down 345 points. Bonds continued their gains with decreases in interest rates. The Dollar continued its rally big time – down to $1.43 Oil, gasoline and gold went down slightly – with oil going down the most. In the news today….. Unemployment jumped last week (unexpectedly) [...]
Stocks moved sideways today, but bonds continued to strengthen with interest rates falling. The bond movement could be explained by the first news story today. The Euro strengthened, and gold, oil and gasoline moved sideways. In the news today…. Central banks own a lot of US Treasuries and a lot of other US debt. For [...]
Oil prices drove the stock market straight up at the open on Tuesday, up 250 points. But, in thin trading, the market realized that oil prices really are not all of the market, so the market ended down 27 points. Quite a swing. Bonds prices went the opposite of stock prices, so bond interest rates [...]
