Stocks fell dramatically today on fears for the big banks, but came back to end even with hopes of a big bank bailout. Great example of how rumors move markets. Bonds moved sideways too. The Dollar went sideways, but with great up and down volatility. Currency futures dealers are making money. Gold went sideways today. [...]
Stocks tumbled 248 points today as the retail sales numbers hit home. The picture is very glum for the economy and stock projections are reflecting them. We might have a rebound sometime soon, but I anticipate we will break below 8000 soon also. Bonds continued their increase in value (decrease in interest rates). The dollar [...]
Stocks spent most of the day going back and forth deciding if the future was as bleak as it looks – and it is. However, the market will decide more of that tomorrow. Bonds went sideways. The Dollar gained against the Euro, but not anything else, as markets are betting the Euro countries will be [...]
Stocks continued their fall from last week ending down 125 points. This is just the beginning of the bad news coming out of company earnings announcements. Bonds started to make up lost ground and interest rates fell a little. The Dollar strengthened a little over the Euro, and lost against the Yen. This just means [...]
Stocks went down 143 points today on the news of the unemployment rate. Bonds continued their slow decrease in interest rates. The Dollar strengthened significantly – showing the strength of the currency futures market on currencies today – it is astounding to watch and see. Gold went sideways. Oil went down, and gasoline went up [...]
Stocks and bonds went sideways today. The Dollar was down a little today, and gold recovered half its loss of yesterday – up $13. Oil continued its fall, BUT gasoline has been stubbornly staying at a higher range relative to oil. This means increases in gasoline prices at your pump. This smells like manipulation of [...]
Stocks claimed some sanity today, and fell 245 points in the face of the bad economic conditions. Is this the beginning of the next meltdown of stocks? Bonds went sideways, and many are saying that there is a “Bond Bubble” happening right now. I tend to agree, but it could last longer and go deeper [...]
All markets went sideways today. It looks like all markets needed to recover from their past moves, and reconsider where they’re going. Tomorrow should be more interesting. In the news today….. The FED released their minutes of the December meeting. They gave their rationale for lowering the Fed Funds rate to a range of zero [...]
Stocks fell slightly today. Bonds had plenty of action with interest rates shooting upward – see article below. The Dollar strengthened as oil is thinking that the US economy will be coming back fast – kind of illogical, but that’s the market. Gold lost some of its luster, falling $22. Oil and gasoline powered ahead [...]
Stocks showed their optimism again – the first trading day of the year. This is a very positive sign for stocks. This will be confirmed or not confirmed on the last trading day of January – let’s wait and see. Bonds continue to increase in interest rates rapidly. Gold and the Dollar are going sideways. [...]
