All the markets went sideways today, except gold which moved up well today. In the news today….. New Home Sales – dropped to the lowest level EVER. That is the number of homes sold in July was less than in 1963. Imagine that. After yesterday’s existing home sales disaster, today’s new home sales disaster just [...]
In the news today….. Existing Home Sales FALL 27% in July – from the previous month and this is a 15 year low in sales of existing homes. This is far worse than anyone expected, and shows how many homes were purchased because of the government’s tax credit incentive that is now over. Why are [...]
Stocks are confused, and looking for direction. You see some big days up, and some big days down. See article below for where I think stocks are heading. Bonds, on the other hand, are definitely heading up in value (down in interest rates). The FED is buying US Treasuries, and that is driving the price [...]
Stocks fell a little more after yesterday’s massacre against stocks. All this caused by a worsening economy. Bond interest rates fell again. The Euro fell significantly today after yesterday fall. Oil/gasoline fell back into a better area, so we can now cancel any projected gasoline price hikes. If the price continues to fall (based on [...]
All markets moved sideways today – nothing to move markets today…. In the news today…… Food Stamps – are being used by 40.8M Americans. This number is projected to rise to 43.3M next year. Now let’s think about this number for just a minute. The number of people using food stamps is over 13% of [...]
After yesterday’s dramatic uptick in stocks, they went sideways today. Interest rates continue to trend downward. Gold is trending upward. The Euro is gaining against the Dollar as it has risen 14 cents from the recent Euro low. Oil and gasoline have broken out of their trading range to the upside, and this can be [...]
