Stocks moved sideways along with the Euro, oil/gasoline. Bonds moved up quite a bit today, as interest rates for the 10 Year Treasury Bond fell 0.1% Gold had a technical rebound from recent lows. In the news today….. Real Estate Tax in Healthcare Bill – yes, there is a new real estate tax in the [...]
Stocks, the Euro, oil/gasoline all moved sideways today. Bonds fell with an increase in interest rates. Gold fell and hit $1180 for the third time in the last two weeks, and is now a cautious buy for those of you who are thinking of buying some more gold. In the news today…… Consumer Sentiment – [...]
Stocks blasted forward by 2% on optimism in the stock market. The Euro, gold, and bonds went sideways. Oil and gasoline jumped up as traders decided that oil was just too cheap. In the news today…… Mortgage Rates HIT RECORD LOW – according to Freddie. A 30 year mortgage is now 4.56%, the lowest since [...]
Stocks fell today on Ben Bernanke’s testimony to Congress – he wasn’t optimistic at all. Interest rates fell in sympathy. All other markets went sideways except the Euro which fell today. In the news today….. Taxpayers sink another $700B – of aid into financial system. Taxpayer support for the financial system increased by $700B over [...]
Stocks rose today on Apple’s earnings report. All other markets were sideways. Gold bounced off its support level, and rose $10 today. In the news today….. Underwater?? – that’s the amount of a home’s mortgage minus its value. Lots of homes are underwater, and lots of homes aren’t. Ever wonder what all US homes look [...]
Mostly sideways action today. Stocks tried to rally, but IBM came in at the end of the day with poor earnings. Gold is testing key support levels at $1180 and $1178. While they went to $1176 today, they bounced off those lows – successfully testing these points. Let’s hope for a big bounce, and the [...]
Stocks are beginning their crumbling phase. Down, down, down…… Interest rates remain low, as people still have some faith in bonds, but actually I think they are stupid in a way, as they don’t know where to put their money when they sell their stocks. The Dollar is tumbling. Why? Well, the FED said that [...]
Hello Economyguy Readers. I have been out of communication while my wife and I have been making major changes in our life by selling our big home. Lots of chaos, and lots of moving. We want to create a bohemian lifestyle where we can travel from place to place for a few months at a [...]
