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 [...]
Stocks ended down today, and for the whole week. The DJ Industrials looks like it wants to break into the 7000’s, and there’s not much stopping it – good news is lacking. Bonds continued their increase in interest rates as bonds worry about all those new bonds being issued next week – a record $70B [...]
Stocks fell dramatically today on fears for the big banks, but came back to end even with hopes of a big bank bailout. Great example of how rumors move markets. Bonds moved sideways too. The Dollar went sideways, but with great up and down volatility. Currency futures dealers are making money. Gold went sideways today. [...]
Stocks and bonds are going sideways during this low volume holiday season. The Dollar is also caught in a tight trading range and going nowhere. Gold is rising, and is now over $870/ounce. That’s a nice run up from the recent low of $700/ounce. Hope you all got your slice of this happiness in these [...]
Stocks went sideways today. Bonds fell in value (increased interest rate) because Paulson asked for the other $350B that Congress promised. This means more money into the economy, and more inflation; ergo bad for bonds. The Euro and Gold continued the trend started yesterday, and are giving up gains made for the last week. Oil [...]
Stocks moved sideways today, and bonds continued their huge move upward (lower interest rates). The 10 Year Treasury is close to testing the 2.5% level. Oil and gasoline fell on fears that OPEC can’t get its act together to cut production. Gold continued its climb upward, and looks good right now. The Dollar got hammed [...]
Stocks started off down, but fought back and ended with a gain. Why?? Because there was no auto bailout yesterday, but there is a rumor of a bailout today. Bonds improved slightly. There was no change in the Dollar and in gasoline. Oil dropped slightly, as did Gold. In the news today….. Retail Sales fell [...]
The stock market had another gaining day – up 173 points. Most of the news today has already been discounted – so it didn’t have any great impact. Bonds moved sideways as the bond market anticipates another reduction in the Fed Funds rate later this month. Everything else moved sideways. In the news today…. Jobs [...]
Stocks retested their lows for a 3rd time, and rebounded in the last hour with stocks rising 151 points on the day. Stocks went up due to these technical reasons – and not for the news. Bonds continued their soaring valuation with interest rates falling 0.15% – a massive move. Oil and gasoline continued their [...]
Stocks fell 411 points today, and is now close to the recent minimum level reached during the last stock market meltdown a couple of weeks ago. Some stock market pundits are saying that if the market rallies from this level, a bottom has been reached in the market. The opposite of this philosophy is that [...]
