Stocks fell dramatically today, but gained back most of their loss. Fears of the European situation caused the fire sale, as well as North Korea tensions.
Bonds continued their downward interest rate drive – nice while you can enjoy it.
The Dollar stayed still, and oil/gasoline fell a little more.
Gold recovered most of its recent loss and [...]
Stocks were pummeled again today as European woes continued, and money flowed into the Dollar and US Bonds.
Gold recovered last week’s downfall, and is now about $1200/ounce. Oil and gasoline were steady, and at recent lows.
In the news today……
Koreas – I warned that the sinking of a South Korean frigate last month could lead to [...]
Stocks tumbled over 300 points to disturbingly low levels (read Tonight’s Dinner Conversation for the significance).
Bond prices soared, with yields falling to near term lows. These low interest rates provide an opportunity to refinance a mortgage, and also signal that something bad is happening out there.
The Euro gained back some of its loss, but this [...]
I’ve been way out of the country and have time to think about our economy. Today’s economyguy provides some more thought provoking action for you to think about in “Tonight’s Dinner Conversation.”
Stocks moved sideways today, and bonds are below 3.5%, so get your mortgage refinanced if you need to, and if [...]
What a difference a day makes!!! The DOW jumped 405 points today after the EU decided to print money.
Then all other markets fell in line. Bond interest rates rose; the Dollar fell; Gold fell; and Oil/Gasoline rose.
In the news today……
EU pumps $1 TRILLION – in the European system to stabilize the route. Last Thursday/Friday, there [...]
Stocks were down BIG again today. It’s been quite a week. The DOW is now down 1300 points from the recent high for the year.
Bonds went sideways today, as did the Dollar which allowed the Euro to recover a little after the huge downdraft in the past week. The really good news about the [...]
WORLD CRISIS – that’s what I declare is happening today…. The Greek Tragedy continues and the Euro hit a recent low today against the Dollar and Yen. What’s really going on is that European banks can’t trust other European banks – sound familiar. That’s what happened here 19 months ago, and our financial system froze [...]
Stocks collapsed (down 225) today as worries about Europe continued to hit home. My long term thoughts on stocks are that we are seeing a “cap” on stock prices as our leading indicators show a slow down (but no recession) in the economy coming up. We should see a GDP growth rate around 2% to [...]