Stocks and bonds went sideways today – nothing much to talk about.
The Dollar strengthened slightly today – the bias is important – strengthening.
Gold, oil and gasoline all fell in price today. Oil was significant because it fell below its sideways trading range, so is settling into more recent lows.
In the news today….
Bank of International Settlement [...]
Stocks tumbled today, and could be starting a long road downward. Bonds increased in value (lower interest rate) but within its current trend.
The Dollar gained almost one cent against the Euro, and drove the other markets.
Oil, gasoline and gold all fell with the stronger Dollar.
In the news today…..
GMAC – wants more tax payer dollars. They [...]
Stocks jumped again today, up 47 points. Bonds lost value, and increased interest rates a small amount. The Dollar continues to lose value today against the Euro. Gold fell $14 – I guess nothing can go up continuously forever.
Oil and gasoline are the elephant in the living room. Their massive increase in cost if it [...]
Stocks started out up, then went down 100 points, then recovered to positive territory and then ended down. That’s life. Bonds lost a little value (higher interest rate) in line with the stock market.
The Euro gained a half cent today.
Gold gained $13 today.
Oil and gasoline flew upward as speculators hit the market again.
In the news [...]
The unemployment rate hit stocks very hard today, with the Dow down 223 points. Bonds gained (lower interest rate), but not much today given stocks big movement.
The Dollar gained back its 1 cent move down yesterday.
Gold continued its seesaw movement going down $10 today.
Oil and gasoline were the other big movers – moving down. This [...]
Stocks moved sideways mostly today, but ended up just over 8000. This was in the face of a very bad unemployment report. Stocks are irrational, and this is proof. This has been the best stock rally since 1933. I might add that the Great Depression continued through 1939, so even if this is following the [...]
Stocks spent the whole day way up, but gave up over half of its gain at the end of the day, ending up 87 points. This was the best month in stocks in a very long time.
Bonds moved sideways.
The Dollar lost some ground today.
Oil and gasoline gained a little.
Gold gained $7 today – a nice [...]
Stocks fell dramatically on the GM news out of DC. Bonds moved sideways.
The Dollar gained against most currencies and gold fell a little after opening up.
Oil and gasoline were the big movers, falling below $50/barrel and being concerned about the fall in confidence caused by the GM actions.
In the news today…..
President Obama’s taskforce for the [...]
Stocks exploded today on the announcement that Treasury has a plan to eliminate the “toxic securities” held by the big banks. Stocks went up 497 points. Bonds were steady, as was the Dollar
Oil and gasoline gained on this latest news as speculators are gambling that this major Treasury step will lead to a recovery in [...]
Stocks were up most of the day, but ended even. As did bonds. In fact, bonds have been going sideways for the past month.
The Dollar went sideways too, and oil and gasoline went up slightly.
Gold fell $8 today.
In the news today…..
AIG Bonuses – that’s the big news today. AIG is paying its executives $165M in [...]