Stocks fell 411 points today, and is now close to the recent minimum level reached during the last stock market meltdown a couple of weeks ago. Some stock market pundits are saying that if the market rallies from this level, a bottom has been reached in the market. The opposite of this philosophy is that [...]
Stocks were scared about the bad earnings and financial meltdown continuing – worry about the government bailout working or not working. Shares ended down 177 points today. Bonds went sideways today.
The Dollar strengthened, and gold fell.
Oil and gasoline fell to new recent lows, and this means cheaper gasoline coming down the pike to us all.
In [...]
Stocks were up BIG this morning, but spent the entire day going down – and ending down 74 points. Why was it up BIG? The Chinese have announced a $586B stimulus package for their economy. The Chinese are scared to death that it won’t be creating as many jobs in the future as it has [...]
Stocks were buoyant and ended up 248 points. This – in spite of the news on unemployment.
Bonds didn’t like the amount of new Treasuries coming onto the market in the future, and dropped in price – increased in interest rates.
The Dollar, Gold, Oil and gasoline all moved sideways – hard to believe.
In the news today…..
The [...]
Two BIG DOWN DAYs for stocks. Today the market was down 443 points. Stocks are pointing to the bad effect that the recession is having on the valuation of companies. The future is not too bright either.
Bonds moved sideways, but the Dollar strengthened as Hedge Funds are being caught off guard and must dump [...]
Well, the election results are in and Senator Obama will be our next President. Stock celebrated by taking profits from yesterday, and ended down 486 points. Bonds continued their increase in value (lowering of interest rates).The Dollar stayed still, and Gold fell $15 – it’s still a spectacular buy.
Oil and gasoline both fell in price [...]
Hurrah!!!!!! The election is here at last, and it will be all over today. Markets love certainty, and the election provided an unwanted level of uncertainty in the financial markets. My interpretation of the numbers today, is that the markets all turned today, and will be looking different in the future. But, how will the [...]
Most markets were sideways today – awaiting the election. Stocks were no exception ending down 5 points. Bonds made a slight gain in price – with lowering interest rates. Gold and the Dollar were both slightly up.
Oil, on the other hand, made a large dip in price – and gasoline made a near term LOW [...]
Stocks continued their upward movement, ending up 144 points. There have been so many consecutive up days in a row, that I now believe that Monday is an excellent day for a big down day. We’ll see.
Bonds continued their upward movement in interest rates. This is being caused by old time economics – supply vs [...]