Stocks went up again on news that there are some “bright linings” in those economic clouds, and things will get better, or at least things are bottoming. Treasuries lost value (increased interest rate) on the stock movement. The Dollar, oil and gasoline went sideways. Gold fell $14, and is now poised to test the $850 [...]
Stocks moved up today, up 109 points. No good reason for the rally??? I wonder if those Tea Parties had anything to do with it? Everything else (including stocks as far as that goes) went sideways, and they hardly moved today. In the news today….. CPI – unexpectedly dropped for the first time in half [...]
Stocks fell today on the poor economic news, and poor earnings continuing to come out – ending down 138 points. President Obama tried to talk the market up, but couldn’t overcome reality with his optimistic words. Bonds gained again – their normal cycle in a down stock market. The Dollar, oil/gasoline and gold all went [...]
Stocks started out down today as earnings reports started in. Goldman Sachs made big gains and stock ended down only 26 points at the close. Bonds gained (lower interest rates) as the stock market fell in the morning. The Dollar strengthened today, but oil and gasoline stayed in their well defined sideways trough. Gold gained [...]
Stocks soared upward today ending up 246 points. The huge profits by Wells Fargo Bank was the impetus, as well as a misreading of the Jobless Claims numbers. Bonds lost value (increased interest rates) as money flowed into stocks from bonds (a natural progression under normal conditions). The Dollar strengthened further. Oil and gasoline rose, [...]
Everything moved sideways today. Stocks were up and down and ended up 48 points. Bonds were the only market which ended significantly higher (lower interest rates) as people worried about the economy (see articles below.) Remember that the bond market is much more sober and realistic as a market compared to the stock market, or [...]
Stocks fell today on the anticipation of poor earnings reports – ending down 186 points. Bonds went sideways. The Dollar gained today. Oil and gasoline are in a trench moving up and down in a narrow band. They are still in that narrow band, and therefore are moving sideways. Gold gained $11 today, but I [...]
Stocks fell a little today, and are awaiting earnings reports to determine its future path. Bonds also moved sideways, as did the Dollar. Oil and gasoline fell slightly. Gold fell a lot, being down $25 today. The new price has broken a trend line on the downside, and gold must test recent support levels at [...]
Stocks moved sideways mostly today, but ended up just over 8000. This was in the face of a very bad unemployment report. Stocks are irrational, and this is proof. This has been the best stock rally since 1933. I might add that the Great Depression continued through 1939, so even if this is following the [...]
Stocks boiled over today as the G20 meeting produced results and President Obama came out representing the US well. (He only made a few mistakes – one of which was to bow to the King of Saudi Arabia – only Saudi’s are supposed to bow to that king.) I’m surprised stocks didn’t stay well above [...]
