Stocks soared over 10,000 on the DOW. How high can the DOW go? I think we are now very close to the top of this market. We could go as much as 300 points higher, but then the technical conditions start to bear upon stock prices. Bonds went sideways today. Gold went sideways too. The [...]
Stocks fell just slightly – actually you’d call today sideways. Same with bonds with an increase in value bias. The Dollar got clobbered again as it lost another half cent against the Euro. Gold finished up $3 more, and had a new HIGH today. Oil hit a recent high as did gasoline. This is a [...]
The Dollar lost over half a cent against the Euro, and Gold fought back to gain $9 – and gold has gained the respect of the market to hold its own. Oil gained a moved slightly outside of its recent trading range. Hope this doesn’t mean that oil will rebound more – please. In the [...]
Stocks continued their uptrend today, so this week was a boomer for stocks. Bonds ended down somewhat (higher interest rates), but the Dollar gained almost one cent against the Euro. Gold lost $5 today – the first loss after an amazing run up in the price of Gold. Oil and gasoline moved sideways. In the [...]
Stocks like the earning report from Alcoa and jumped 61 points today. Bonds moved sideways. The Dollar lost another cent against the Euro as the Dollar approaches its all time low. Gold gained another $13 today, and made a NEW HIGH again today. Nice for the gold holders. Oil and gasoline went sideways in its [...]
All markets went sideways today, except bonds. Bonds increased in value (lower interest rates) as the 10 Year Treasury bond moves into very, very low interest rate territory. I wonder what’s driving these rates down? It can’t be demand for bonds – so it must be government buying. In the news today….. Mortgage Applications – [...]
Stocks rallied a second day in a row with an over 100 point gain. Bonds, oil and gasoline moved sideways. The Dollar lost ground again against the Euro. Gold gained so much that I cheered this morning. Gold is at an ALL TIME HIGH. For all of you who purchased gold over the past year, [...]
Stocks hit the high road again today after several days of loss, ending up 112 points. Why? Because the Service Sector was UP. Bonds, oil and gasoline were unchanged. The Dollar lost about 1 cent against the Euro. Gold rose again to $1016 – poised for further rises (I hope.) In the news today….. Service [...]
All markets moved sideways today as once again the markets play it safe going into a weekend. Happy weekend. In the news today….. 97th Bank closed – this year. The FDIC is busy doing their job – and good for them. Unfortunately, they have run out of money, and are actively addressing that problem too. [...]
Stocks fell just over 200 points because manufacturing numbers came in just slightly lower than it was last month. The fall (which was the excuse for the selloff) was within the error in measurement of this flaky statistic. I say the market just wanted to come down, and it did. Bond interest rates fell, and [...]
