Stocks showed amazing volatility starting up several hundred points, falling to negative several hundred points, and ending up 401 points. Wow – how would you like to trade with that much volatility going on? The news wall all negative – so the action was driven by irrational thinking – not facts. Bonds remained faithful to [...]
The stock market has spoken. Everyone was so happy last Monday when stocks surged – so fast, and so far – a record amount. In the last two days, the stock market has lost over 800 points. This is tragic news for people who are depending on increasing stock prices to maintain their retirement, or [...]
Stocks started up over 400 points this morning, but ended down 77 points. Most people expected another up day for stocks today. Bond interest rates roared ahead today – with the 10 Year Treasury Bond ending over 4%. (I want to thank several readers for pointing out that the bond market was closed yesterday – [...]
Stocks jumped straight up today because all the fear left the market, and greed entered the door. The Dow ended up 936 points – a massive move upwards. While other things had some big moves, I consider the rest of the market to be moving sideways. In the news today…. While the G-8 and the [...]
Stocks were amazing today setting a record swing for one day – up to down range of about 1000 points, but ending down only 128 points. This is the biggest one week loss for the stock market ever. We are seeing history before our eyes. Bonds got hit a little more after the last two [...]
Stocks dropped again today at the end of the seession – down another 189 points. We haven’t seen this much of a sustained multi-day drop in stock prices in a very long time. Do you remember when the DOW broke on the upside each of those 7000, 8000, 9000, and then 10,000?? That happened very [...]
Stocks crumpled again today, down 508 points. The reason? – complete lack of faith in the financial system – and worry about further shoes to drop. The market was right again today – very hard to believe – there will be more shoes dropping. Most other markets went sideways as stocks took took center stage. [...]
Stocks fell like a hammer blow as US stocks followed the rest of the world stock markets down. Confidence has not increased since Congress passed the bailout – I guess there must be more to bail out. Bonds were the “safe haven.” All international monies moved to the US and bought bonds – forcing the [...]
Stocks acted rationally today. They were up on hopes the bill would be passed by Congress, and when it did pass, it fell like a rock – reality had set in – this bailout may not work, and the markets won’t be able to tell for several weeks. This causes uncertainty – and uncertainty is [...]
Stocks fell today – because the Senate passed the bill last night?? – no, because the House might not pass the bill tomorrow. The stock market is schizo, and almost anything will make it go up or down. Today it was down – 348 points. Bonds continue to rally as the “safe haven” for money [...]
