Stocks started up today, but ended slightly down as the weight of the Chrysler bankruptcy caused some pessimism.
Bonds continued their interest rate climb, and is now at scary levels as the 10 Year Treasury interest rate is continuing well beyond the 3% bound.
The Dollar, oil, gasoline and gold continue to be in their sideways [...]
Stocks soared today on the GDP news (see below), and the FED saying the economic fall was slowing down.
Bonds hit recent high interest rates (lower value) – and this is a cause for concern.
The Dollar is struggling against other currencies right now, but the important $1.34 level with the Euro withstood the test, and if [...]
Everything moved sideways today, with only an 8 point loss in stocks.
In the news today….
Stress Test – It was leaked today that Bank of America and Citigroup both “failed” the stress test, and they need more capital to keep operating. Here are the crazy facts:
The Stress Test was a “wimp”, but these two big banks [...]
Stocks fell today as concern for the US economy was imposed on US stocks. Bonds also increased in value (decrease in interest rates) in sympathy.
The Dollar strengthened – a normal occurrence in times of fear.
Oil, gasoline and gold all went sideways.
In the news today…..
Have you been reading about the Swine Flu epidemic? You should be [...]
Stocks went up today on the good news coming out of the Stress Tests – see article below. Bonds went down (inversely to stocks) and added interest rate to 3% for the 10 Year Treasury.
Everything else went sideways with slight increase in the Euro and Gold.
In the news today…..
Stress Test Results – are in now. [...]
Stocks, bonds, oil and gasoline all moved sideways today.
The Euro strengthened a little.
Gold – the recent run up in gold price has neither tested the lows of $850 to $860, nor broken out on the technical high side of $925. These are the price points that I am currently watching. When either of these occur, [...]
The markets are interesting today. They are not too volatile – a big change, and they are all still in their sideways trend.
In the news today…..
The number of American households threatened with losing their homes grew 24 percent in the first three months of this year and is poised to rise further as major lenders [...]
Share rebounded as the fear yesterday about financials was forgotten, and they were bid up again. Bonds responded accordingly.
Everything else went sideways.
In the news today…..
Stress Tests – more detail is coming out regarding how stress tests are performed. The tests give more emphasis to loans, and not as much emphasis to other investments (like toxic [...]
Stocks fell off a cliff today, down 290 points. Stocks were lead by the financial sector (banks, etc) as the bad news just keeps coming – repayment of TARP and stress tests.
Bonds rallied (lower interest rates) as stocks fell. This inverse relationship with stocks is well tried and tested, and very pronounced today. This is [...]
Stocks moved sideways today as did oil and gasoline.
Bonds lost value (increased interest rates) as concern about the future supply needs of the US government worry the market.
The Dollar gained ground again.
Gold lost $12, and is now just above the $850 to $860 test of recent support levels.
In the news today….
Consumer Sentiment rose today quite [...]