Optimism reins!!!! Stocks ended up, as did gold, the Dollar, oil and gasoline.
Bonds went the opposite way as people took their year end profits, and interest rates rose. This should be temporary. Mortgage rates have followed bond interest rates down, and now the 30 year fixed rate mortgage is 5.10%, and the [...]
Stocks rebounded in the face of the bad consumer confidence and housing price numbers. However, this is the most optimistic time of the year as far as stocks are concerned – so enjoy it. In reality, stocks have been going sideways over the past 2 to 3 months – but with high volatility.
All other markets [...]
Stocks and bonds went sideways today – a battle between the bad economy and the war in the middle east.
The Dollar caught support from central bankers, and more is expected over the next 2 days.
Oil and gasoline went up on the scare of oil supplies in the middle east (see news below), and gold went [...]
Stocks and bonds are going sideways during this low volume holiday season. The Dollar is also caught in a tight trading range and going nowhere.
Gold is rising, and is now over $870/ounce. That’s a nice run up from the recent low of $700/ounce. Hope you all got your slice of this happiness in these bad [...]
Merry Christmas to all the EconomyGuy readers. Enjoy this season with your loved ones.
There won’t be an economyguy tomorrow, as I will be traveling and the market trading is very light.
All markets went sideways today, and will probably continue for the rest of the week during those days when the markets are open.
Gasoline fell below [...]
Stocks went sideways today.
Bonds fell in value (increased interest rate) because Paulson asked for the other $350B that Congress promised. This means more money into the economy, and more inflation; ergo bad for bonds.
The Euro and Gold continued the trend started yesterday, and are giving up gains made for the last week.
Oil hit new lows, [...]
Stocks fell today (down 219 points) based on the deteriorating financial basis of companies – GE is now under pressure.
Bonds continued their drive to have the 10 Year Treasury below 2.0%. This is amazing and historic by anyone’s perspective.
Oil and gasoline continued their fall in price as the energy market is trying to figure out [...]
Stocks fell 100 points today after the market decided that the FED move yesterday wasn’t all that great.
Bonds continued their massive drive upward in value (decrease in interest rates), and the 10 Year Treasury is now exploring whether it might break through 2%.
The Dollar continued its massive fall in value, falling another 3 to 4 [...]
Stocks soared today, up 360 points, as stock market buyers felt confident after the FED reduced the Fed Funds Rate to HISTORIC lows. My opinion is that stocks are in danger of plumbing new lows (as in water going down a drain) as the FED is in a deep panic, and now has given up [...]
Stocks moved sideways today, and bonds continued their huge move upward (lower interest rates). The 10 Year Treasury is close to testing the 2.5% level.
Oil and gasoline fell on fears that OPEC can’t get its act together to cut production.
Gold continued its climb upward, and looks good right now.
The Dollar got hammed today and is [...]