Stocks fell today lead by the Financial sector. Bond interest rates continued their fall, as the European disaster bolster US bonds. The Dollar went sideways today.. Gold and Oil/Gasoline continued their upward trend. Gold is breaking out nicely on the upside. Oil/gasoline is too, and gasoline moved toward $4.00/gallon during our summer driving period. [...]
Stocks jumped on good earnings reports. Bond interest rates declined due to the Greek news. The Dollar and gold went sideways. Oil/gasoline were higher on trading. In the news today….. Why is Greece important to you? – well it is quite simple. The FED has given Europe $2 TRILLION, and they don’t know where it [...]
Gold appears to have broken out of its trading range, and is now heading higher. Should be interesting to watch it go up, as it is going up as it did the last time it went straight up without stopping until it hit $1226/ounce. Stocks rebounded after yesterday’s meltdown caused by the Greek meltdown. Bonds [...]
All markets were sideways today – even though stocks are nice and high. The Dollar fell against the Euro as the wishy-washy Greek problem continues to influence the exchange rates. In the news today….. Financial Reform – this is a political football and you will be hearing a lot about financial reform, big banks, etc. [...]
All markets went sideways today, except the Dollar which strengthened against the Euro. In the news today….. President Barack Obama – has boosted marketable U.S. debt to a record $7.76 trillion, Treasury figures show. The Federal Reserve and U.S. agencies have lent, spent or guaranteed about $8.2 trillion to lift the economy from the worst [...]
The Dollar strengthened today, but stocks were sideways. Bonds are going lower in interest rates – interesting. There may be one more dip in interest rates before they go up permanently. Gold went up, and oil/gasoline were sideways. In the news today….. Russians Buy More Gold – Have you ever wondered if other nations are [...]
In the news today….. Greece Bailout – There are reports in the market that the financing of Greece plan would be split through the EU member countries each contributing via a proportion of their population. The countries like Portugal (9.4% of GDP) , Spain and Italy who are all above the 3% debt to GDP [...]
Stocks were dropped today as the Goldman scandel hit the markets, and the entire market and all other markets got hit in the downdraft. This is a great lesson in the importance of Goldman Sachs to the financial workings of the world. In the news today…. Goldman Sachs – was charged by the SEC for [...]
Basically, all markets continued sideways; but stocks continued their power move up with a slight move up today. In the news today…. Happy April 15th – the tax man cometh Foreclosures – rose 16% in March and has set a new record for the number of foreclosures. One in every 138 homes received their foreclosure [...]
We had a massive jump in stocks today as the Dow moved up 104 points after breaching 11,000 yesterday. Interest rates rose in a sideways tranche. The Dollar weakened a little, and oil/gasoline jumped back up. I would expect those energy plays to increase in value in the near term. Gold rose slightly, and is [...]
