Stocks fell again today – it just seems to only know how to go down. Obama said it was a good time to buy stocks – and everyone ran for the door – you see people are fairly smart.
Bonds and the Dollar went sideways.
Oil and gasoline rose a little – just enough to insure you [...]
Stocks crumbled today, down 300 points, as traders are sick and tired of waiting for the government to decide how it is going to value the toxic securities in the banks. AIG declared a $63B loss, and got a $30 additional bailout loan (story below). The world stock markets fell today before Wall St fell. [...]
Stocks – have you read the newspaper this morning asking if we had hit the bottom, and stocks would only go up in perpetuity? The answer is NO. Stocks closed down, in their current bear cycle, 251 points. The bears are eating the bulls alive.
No change in the bond market. The Dollar strengthened a little [...]
Happy Valentine’s Day
Stocks today moved all over the place, and ended down 82 points – closer to the support level of 7800.
Bonds and Gold both gave up some of their recent “safe haven” gains as people took their gains before the weekend.
The Dollar moved sideways again.
Oil moved up a lot as people again took profits [...]
The stock market voted on Secretary of the Treasury Geithner’s speech today, and it voted it down. That’s down about 4% in stock values. Geithner only gave an “overview” of his plan, and the lack of specifics rattled the markets. The lack of definition on how the “toxic securities” are going to be valued is [...]
Stocks rose today, but in reality stocks are in a sideways trading range. Bonds went sideways too.
The Euro fell as the inflationary future of Europe is worried about.
Oil and gasoline went up slightly.
Gold regained a little more of its recent loss.
Stock Market Prediction….
At the end of last year I predicted that stocks would go down [...]
Stocks fell today on the lack of progress on helping the financial system out of its dilemma.
Bond interest rates went up, and this is a very dangerous trend happening right now.
The Dollar, oil and gasoline went sideways.
Gold recovered a little of its recent loss. It will be interesting to see if gold can hit a [...]
Stocks fell a little today as the news is still bad. More importantly, they fell below 8000 today, and stayed there.
Bonds gained (lower interest rates) today as there was a rush to quality, and bonds have much more quality than stocks.
The Dollar went sideways.
Gold gave up its gain from Friday, as people are taking profits [...]
Stocks soared 200 points as elation was created by the Stimulus Package – it passed the Congressional vote.
Bonds backed off (increased interest rates) as it justly decided the package was inflationary.
The Dollar, oil and gas went sideways.
Gold fell below $900 to $890/ounce. This market will take a little longer to rally.
In the news today…..
The Stimulus [...]
Stocks, bonds, oil and gasoline all treaded water – went sideways – today as were fairly boring. No big news moving these markets.
The Dollar lost a little ground against the Euro, and there is a lot of talk going on right now about the possible future collapse of the Euro. In any case, the general [...]