Stocks closed down (see news below for importance of this VERY SIGNIFICANT event. Bonds went sideways as did the Dollar, as did oil and gasoline. Gold soared to new recent heights – this was the confirmation of gold going higher that I was looking for. Gold is now a “buy.” In the news today….. A [...]
Stocks plummeted today, and bonds fell in value with interest rates going much higher today. The Dollar gained against the Euro, and gold gained back its recent loss. Oil and gasoline went sideways, but gasoline has an ominous upward trend. In the news today….. Unemployment claims are 588,000 for the past week. This large number [...]
Stocks soared 200 points as elation was created by the Stimulus Package – it passed the Congressional vote. Bonds backed off (increased interest rates) as it justly decided the package was inflationary. The Dollar, oil and gas went sideways. Gold fell below $900 to $890/ounce. This market will take a little longer to rally. In [...]
Stocks moved sideways today, as did the Dollar. Bonds started a rally today with decreasing interest rates. This was caused by a successful auction of new Treasury Notes, and this satisfied the fears expressed last week on a great new supply of Treasuries being issued. Gold fell below $910, so let’s wait to open that [...]
Stocks, bonds, oil and gasoline all treaded water – went sideways – today as were fairly boring. No big news moving these markets. The Dollar lost a little ground against the Euro, and there is a lot of talk going on right now about the possible future collapse of the Euro. In any case, the [...]
Stocks ended down today, and for the whole week. The DJ Industrials looks like it wants to break into the 7000’s, and there’s not much stopping it – good news is lacking. Bonds continued their increase in interest rates as bonds worry about all those new bonds being issued next week – a record $70B [...]
Stocks spent most of the day in negative territory, then recovered, and retreated – ending down 105 points. The economy continues to dominate the thought in stocks with Microsoft announcing layoffs for the first time. Bonds continued to lose ground (increase interest rates) – and this is hitting mortgage rates hard right now. The Dollar, [...]
Stocks soared today, but there was no news to push them – just optimism. Bonds gave up a large amount of value (increased interest rates) as there is significant worry before tomorrow’s auctions of new Treasury Bonds. The extra large supply of these bonds is weighing on the bond market. The Dollar and Gold went [...]
Stocks fell dramatically on this “Inauguration Day” to below 8000. Bonds lost ground, but gained half of it back the last couple of hours of trading. The long duration Treasury Bonds are fighting the low interest rates due to fears of inflation and the supply of new issues coming on the market. The only [...]
Stocks fell, and then rose, ending up 69 points. The action was caused by the very poor financial results reported by Citi and Bank of America. Bonds gave back some of their recent gains, and ended with their interest rates up 0.1%. The Dollar lost some ground, and gold gained back most of its recent [...]
