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 [...]
Stocks were scared about the bad earnings and financial meltdown continuing – worry about the government bailout working or not working. Shares ended down 177 points today. Bonds went sideways today. The Dollar strengthened, and gold fell. Oil and gasoline fell to new recent lows, and this means cheaper gasoline coming down the pike to [...]
Stocks were up BIG this morning, but spent the entire day going down – and ending down 74 points. Why was it up BIG? The Chinese have announced a $586B stimulus package for their economy. The Chinese are scared to death that it won’t be creating as many jobs in the future as it has [...]
Stocks tried to go up today, after starting down. But in a last minute lemming leap, it fell over a cliff during the last 5 minutes to lose 204 points. Bonds, the Dollar, Oil and Gasoline sort of went sideways today with a downward bias. Gold continued its slow upward journey, increasing $13 in [...]
Stock gyrated today from low to very low to low to moderately low, closing down 312 points. How low can you go? The reason? – the world is still scared about a worldwide recession. Bonds got clobbered today, rising in interest rates. Gold and the Dollar had a modest rise. Oil and gasoline continued their [...]
Stocks were way up, then way way down, and then ended up – up 172 points for the day. This volatility can make you dizzy. Bonds continued their gains with lower interest rates – more bad news is expected soon. The Dollar, Oil and gasoline moved sideways today. Gold fell again – this time to [...]
Stocks started up over 400 points this morning, but ended down 77 points. Most people expected another up day for stocks today. Bond interest rates roared ahead today – with the 10 Year Treasury Bond ending over 4%. (I want to thank several readers for pointing out that the bond market was closed yesterday – [...]
Stocks fell like a hammer blow as US stocks followed the rest of the world stock markets down. Confidence has not increased since Congress passed the bailout – I guess there must be more to bail out. Bonds were the “safe haven.” All international monies moved to the US and bought bonds – forcing the [...]
Stocks fell today – because the Senate passed the bill last night?? – no, because the House might not pass the bill tomorrow. The stock market is schizo, and almost anything will make it go up or down. Today it was down – 348 points. Bonds continue to rally as the “safe haven” for money [...]
