Stock plummeted today, down 373 points – are you enjoying the volatility? Up and down 300 to 400 each day??? If you have nerves of steel, you’re okay. Bonds were pummeled too, as they are very nervous about what this bailout means regarding inflation – so they increased in interest rates – counter intuitive.
Gold took […]
Stocks, Bonds and the Dollar all went sideways today.
Oil and gasoline dropped, but I bet you still don’t see gasoline prices below $3 at the pump yet. It should be soon, if the futures price of gasoline is passed onto the buyer.
Gold stayed steady today. That great opportunity to buy could be around the corner. […]
Stocks moved sideways today, but bonds continued to strengthen with interest rates falling. The bond movement could be explained by the first news story today.
The Euro strengthened, and gold, oil and gasoline moved sideways.
In the news today….
Central banks own a lot of US Treasuries and a lot of other US debt. For example, in the […]
A fairly boring day in the markets with stocks rising 90 points. Bonds were the only true indicator of what’s going on in the market – economic uncertainty. 10 Year Treasury interest rates are holding well down below 4% indicating the “safe haven” tendency of people trying to protect their money. Will it last? It […]
None of the markets moved on Tuesday. Oil added a little, but the hurricane in the Gulf isn’t scaring people as much any more. Gold seems to have stabilized.
In the news today….
Consumer Confidence was up last month as lower gasoline prices gave people hope. People are really fickle. Just ignore any reports on Consumer Confidence. […]
Stocks moved sideways today trying to digest last week’s gains. Bonds gave up some ground, and increased interest rates across the board.
The Dollar continued its gain, as did the meltdown in oil and gasoline.
Gold was the newsmaker falling $37. This brings gold into the buying range, but I recommend waiting to see where gold […]
Stocks jumped today on pure optimism that all the banking woes are over, and the housing market is near its bottom, and the dollar is in a long term rally, and oil will continue to fall in price until they give gas away.
Bonds didn’t believe all that hype, but lost some value.
The Dollar did rally […]
Trouble, trouble, boil and bubble…. That explained all the markets today, except oil which continued its downward path by losing $2.23/barrel today. Sideways is such a safe move for markets – even if it does it in a high volatility way.
In the news today….
Consumer confidence was up last month – due to the receipt of […]
Stocks were down most of the day, ending down 45 points. The Fannie/Freddie bailout announced Sunday emphasized that the housing market meltdown is not yet over regarding US economic financial impacts.
Bonds gained value with interest rates falling – a decent sign that the bond market did not see the Fannie/Freddie rescue as bringing discredit to […]
Stocks moved absolutely sideways with no change on the day. The market is waiting for the results of the FED meeting over the next 2 days. The bond market moved sideways too.
The dollar got a little stronger, and then gave up half of its gain.
Oil went higher along with gasoline. All the talk in Saudi […]