Some corrections/thoughts…. Many of you have been kind enough to point out some errors I’ve made in the last few articles. Thank you. I might say that I purposely made those errors to find out if anyone was awake out there, but that wouldn’t be the truth. In fact, my fingers were faster than my [...]
The stock market voted on Secretary of the Treasury Geithner’s speech today, and it voted it down. That’s down about 4% in stock values. Geithner only gave an “overview” of his plan, and the lack of specifics rattled the markets. The lack of definition on how the “toxic securities” are going to be valued is [...]
Stocks moved all over the place, but ended going exactly sideway. The Dollar, Oil and gasoline did the same thing. Bonds, on the other hand, are extremely nervous about the high volume of US Treasury sales this week. It should be a very bad week for bonds. Today, the 10 Year Treasury moved over 3% [...]
Stock rocketed forward as the economic news couldn’t have been worse. Kind of confused? That’s the way markets react – irrationally. The very bad news was the Unemployment Rate going way up beyond where anyone had predicted. And, it’s only been one month in 2009. Bonds, the Dollar and Gold went sideways. Oil and gasoline [...]
Stocks rose today, but in reality stocks are in a sideways trading range. Bonds went sideways too. The Euro fell as the inflationary future of Europe is worried about. Oil and gasoline went up slightly. Gold regained a little more of its recent loss. Stock Market Prediction…. At the end of last year I predicted [...]
Stocks fell today on the lack of progress on helping the financial system out of its dilemma. Bond interest rates went up, and this is a very dangerous trend happening right now. The Dollar, oil and gasoline went sideways. Gold recovered a little of its recent loss. It will be interesting to see if gold [...]
Stocks rallied on the news that housing sales were going up. Is that good news? See below. Bonds fell in value (increased interest rates) as the stimulus package is batted around like a baseball with no one really knowing how it will come out. The Dollar fell against the Euro and was steady against all [...]
Stocks fell a little today as the news is still bad. More importantly, they fell below 8000 today, and stayed there. Bonds gained (lower interest rates) today as there was a rush to quality, and bonds have much more quality than stocks. The Dollar went sideways. Gold gave up its gain from Friday, as people [...]
