Markets are closed tomorrow – so no economyguy – enjoy Thanksgiving.
4 straight UP days as stocks climbed today from a negative start to end up 247 points. All the news was negative, but stocks ignored the news. It’s that season again when stocks go up. Watch out for 2009 when stocks will go down again. [...]
Stocks went sideways today – it’s been a long time since we’ve seen a sideways day. Nice to relax for a day.
Bonds, on the other hands, soared BIG today by dropping the interest rate 0.25% on the 10 Year Treasury.
The Dollar lost some more, as the Euro gained again. Gold went sideways today with no [...]
Stocks soared for the second day in a row – ending up for two days with a massive gain. Today, the market ended up 397 points. This was based on the sentiment of the government bailing out Citigroup.
Bonds fell dramatically today in sympathy of stocks, but also on the Citigroup bailout – as this shows [...]
The stock market moved sideways most of today, but ended with a giant surge at the end – moving up 494 points.
Bonds, the Dollar, Oil and gasoline all moved sideways today.
Gold decided to surge today – moving up $43/ounce. I was surprised this breakout took place today, but I’m not complaining. Gold traded over $800/ounce [...]
Stocks spoke very loudly today – falling another 445 points with the DOW reaching 7552. No one would have considered this possible even 3 months ago. And the bottom is another 500 points down AT LEAST or possibly much more.
Bonds made a DRAMATIC move today increasing in value (decreasing in interest rate) with the 10 [...]
WOW!!!! Stocks closed under 8000 today – falling 427 points. This is a VERY BAD sign for the stock market. This means that the recent lows were tested – 3 times – and failed to hold. The bottom is going to be MUCH lower than today’s level. The next stopping point is 7000, but isn’t [...]
Stocks retested their lows for a 3rd time, and rebounded in the last hour with stocks rising 151 points on the day. Stocks went up due to these technical reasons – and not for the news. Bonds continued their soaring valuation with interest rates falling 0.15% – a massive move.
Oil and gasoline continued their downward [...]
Stocks moved sideways all day – except the last hour when it went straight down – ending down 224 points. Stocks are down to where they can easily test their recent lows again. If they break through, the bottom is way down there somewhere. Bonds moved up (decreased interest rates) with the vaporizing sentiment about [...]
Stocks saw some frankensteins out there and got scared. The market started up, fell way down, clawed its way back to positive territory, and fell off – closing 338 points down. Bonds corrected its interest rates from yesterday’s rise – falling back half way – just like the stocks – interesting – might be a [...]
Stocks soared today – all at the end of the day – after dropping several hundred points in the first half of trading – ending up 552 points. Bonds foretold the stock movement and was losing value (increasing interest rates) during the entire day – but especially during the massive stock run up. The Dollar [...]