Big Budget Monday
The stock market is exhibiting its favorite behavior – volatility. The Dow Jones was down 108 points today. Today must have been a reaction to the great week in stocks last week.
Everything else went sideways.
In the news today…
Not much.
The President is coming out with his fiscal budget, and it is BIG. He is toughing it out stating that some of those terrible costs in Social Security must be cut back, but he is projecting the biggest budget ever. We’ll see what really happens, but you know that politicians love to spend – especially in an election year.
Here are today’s Numbers:
Dow Jones 30 Industrial – 12,743 (Up 93 points)
10 Year Treasury Bond – 3.60% (down 0.04%)
Euro – $1.4799
Gold – $914 (Down $15)
Oil – $88.96 (Down $2.79)
Gasoline – $2.28 (Down $0.07)