Stocks and bonds moved sideways today – after retreating due to the Dubai news on Friday.
The Dollar lost more value against the Euro, and Gold rebounded somewhat from its Friday lows. Gold’s action is very bullish as it shows strength in a pressured environment.
Oil and gasoline gained as the Dollar slipped.
In the news today…..
New Bank [...]
Happy Day After Thanksgiving
Stocks fell with momentum as Dubai defaulted on its debt. Bonds fell in interest rates for the same reason as people fled to “safe investments.”
The Dollar gained 2 cents as Dubai shook all markets. Gold fell $50/ounce but recovered significantly – ending down $13/ounce.
Oil and gasoline fell in line with the Dubai [...]
Stocks and bonds went sideways today.
The Dollar was the big news. The Dollar CRASHED – breaking through lows for the Euro, Yen, and you name it. Good bye Dollar.
Gold, oil and gasoline all responded to the collapsing Dollar.
In the news today……
Consumer Spending – rose 0.8% in October after falling 0.6% in September. This rise was [...]
All markets went sideways today…
In the news today…..
23% of mortgages – in the US are underwater (owe more than the property is worth). This could sink the housing market by itself if a sufficient number of these mortgages go into foreclosure. What could cause that to happen? Hopelessness in my opinion. If the homeowners see [...]
Stocks were up over 100 points today on the home sales news.
Bonds, oil and gasoline went sideways.
The Dollar fell over one cent against the Euro – but basically the Dollar is in a sideways trend within a two cent trench.
Gold jumped again today significantly. It started going up late Sunday night, and kept going up [...]
Stocks continued their downward slide, but like most down days, they recover at the end of the day. (Have you ever asked yourself WHY?)
All other markets went sideways too.
In the news today……
Geithner called to resign – over the auditor report of his handling of the AIG affair while he was Fed Chairman of the NY [...]
Stocks were volatile again today with the Dow down about 100 points.
Everything else went sideways today.
In the news today…..
New Unemployment Claims – stayed steady at 505,000. At this level, it means that more jobs are being lost than being gained – so unemployment is continuing to go up. But, you know that anyway. The continuing [...]
Everything moved sideways today including stocks which is irrational, but that’s the way of stock. Stocks are like people, and there is a good reason for that.
Gold hit an all time HIGH today of $1153 interday.
In the news today…..
CPI rose – 0.3% in October. Sounds like a benign inflation, and it is just right for [...]
Markets moved sideways today – all of them.
In the news today…..
AIG Bailout – was MUFFED – according to the TARP Special Investigator. They said in their report that the FED bailout did use its negotiating power to reduce payments to AIGs clients. Now here is the real truth. AIG immediately upon receipt of its TARP [...]
Stocks soared on the great Consumer Spending news.
Bonds rallied to lower interest rates as FED Chair Bernanke said he was going to keep interest rates low as long as necessary to start the economy growing.
The Dollar moved all over the place, but ended going sideways.
Gold hit an ALL TIME HIGH again today as the top [...]