Stocks spent the whole day way up, but gave up over half of its gain at the end of the day, ending up 87 points. This was the best month in stocks in a very long time.
Bonds moved sideways.
The Dollar lost some ground today.
Oil and gasoline gained a little.
Gold gained $7 today – a nice [...]
Stocks fell dramatically on the GM news out of DC. Bonds moved sideways.
The Dollar gained against most currencies and gold fell a little after opening up.
Oil and gasoline were the big movers, falling below $50/barrel and being concerned about the fall in confidence caused by the GM actions.
In the news today…..
President Obama’s taskforce for the [...]
Stocks finished the week going down today as traders took their profits from the previous gains. The market ended down 148 points.
Bonds moved sideways.
The Dollar significantly strengthened, and is now at the level where it was prior to the FED announcement that it will buy long term Treasuries.
Oil and gasoline both gave up some of [...]
Stocks jumped up 175 points on decent earnings news from a few companies. Bonds gained (lowered interest rate) slightly.
The Dollar and Gold moved sideways with gold gaining just a little – nice to have higher gold prices.
Oil and gasoline both rose. Have you noticed the generally upward motion of oil (and gasoline)??? The trend is [...]
Stocks started up, went way down, and ended up 90 points.
Bonds got killed today as a Treasury auction didn’t go as well as it could.
The Dollar, oil and gasoline went sideways. Oil supply appears to be at a high point right now.
Gold rallied and ended up again today.
In the news today….
Good News?? – Durable Goods [...]
Stocks gave up a little of its gain from Monday; down 116 points.
Bonds went sideways, but the Dollar strengthened – gaining back some its recent losses.
Oil and gasoline went sideways, and is establishing a new base to rise from – watch out.
Gold lost half of its recent gain. It should be interesting to follow the [...]
Stocks exploded today on the announcement that Treasury has a plan to eliminate the “toxic securities” held by the big banks. Stocks went up 497 points. Bonds were steady, as was the Dollar
Oil and gasoline gained on this latest news as speculators are gambling that this major Treasury step will lead to a recovery in [...]
The stock market ended down today, making it a losing week after last week’s big gain. The market is still trying to figure out if the FED move last Wednesday was good or bad for its future.
Bonds moved sideways, as did the Dollar, as did gasoline and oil.
Gold moved sideways too, and this was great [...]
Stocks fell a little today, but ominously bond interest rates rose. More ominously, the Dollar fell and oil/gasoline rose on the inflation fears of the FED action of yesterday. The energy price rise was an unintended consequence of yesterday’s actions.
Gold rose $70 today, a big blast. This was also a unintended consequence, but a good [...]
The big news today was the FED action to spend $1.1TRILLION dollars to “save the economy.” I want to break down the FED statement and intended actions and explain the consequences of this action.
The FED intend to make two big moves:
Use $300B to buy long term Treasury Bonds
Use $750B to buy mortgage backed securities [...]