Stocks continued their recent rise on good news from IBM profits. All other measures went sideways. In the news today…. CIT wants $3B – in order to keep it from going under. Who is CIT, you ask??? CIT is the largest lender to small businesses in the USA. And, it is essential that it keeps [...]
Stocks soared today on great earnings from Intel. The herd took that as a sign of our economic recovery – it’s not. Bonds lost lots of value, increasing interest rates up 0.25% in two days. Here come the higher interest rates again. Think inflation worries. The Dollar lost a lot of value today, after moving [...]
Stocks, the Dollar, Gold, Oil and gasoline all moved sideways today – very boring. Bonds got scared by the PPI, and increased interest rates – bad news for us all. However, the scare of inflation remains even thought the argument of deflation versus inflation rages. In the news today…. Retails Sales – rose in June [...]
Stocks jumped today based on earnings in the financial industry. Bonds continue to hold their lower interest rates. The Dollar and gold moved sideways. Oil and gasoline continue to slowly make new lows – great news for gasoline prices (they’re coming down folks). In the news today….. Budget Deficit – is now officially over $1 [...]
Stocks went sideways again today…. But, bonds lost what they gained yesterday, increasing interest rates again. The Dollar lost the last 3 days gains (in a single day.) Gold went sideways, as did Oil and gasoline. In the news today…… Mortgage Rates – are getting much better again. The 30 year fixed rate is 5.2%, [...]
Stocks moved sideways, but everything else moved. Bonds gained (lowered interest rate) as a successful bond auction occurred. The Dollar gained over one cent. Gold fell $20, and is close to $900/ounce, where there is a buy signal. Oil and gasoline fell dramatically, as we are locking in lower energy prices. In the news today….. [...]
Stocks and bonds moved sideways today, as did the Dollar. Gold fell again, and tested it recent lows – rebounding upward. If the pattern holds true, tomorrow will be an up day. Oil and gasoline was where the market was today. Both fell well out of their trading range, and are heading for recent lows. [...]
The unemployment rate hit stocks very hard today, with the Dow down 223 points. Bonds gained (lower interest rate), but not much today given stocks big movement. The Dollar gained back its 1 cent move down yesterday. Gold continued its seesaw movement going down $10 today. Oil and gasoline were the other big movers – [...]
Stocks and bonds moved sideways today. The Dollar lost over a penny to the Euro – a big move against the Dollar. Gold regained all it lost yesterday, plus some. Gold reacted very strongly today. Oil and gasoline gave up some of their recent gains, but must continue to close below $70/barrel to keep energy [...]
