Here are the closing statistics for our key indicators (9/01/11): DJ30 – 11,494 down 120 US Treasury 10 Year Bond – 2.15% down 0.07% USDEUR - 1.4270 Gold – $1825 down $1 Oil – $88.81 up $0.11 Jobless Claims and Productivity…….. Jobless claims came in at 409,000 for last week, and this continues to be [...]
U.K. economy shrinks — The U.K.’s economy unexpectedly shrunk in Q4, as inclement weather took a heavy toll on the construction and services sectors. GDP pulled back 0.5% compared to the previous quarter, marking the first fall in GDP since Q3 2009. Economists had expected a 0.4% increase on a quarterly basis. GDP was up [...]
Stocks were up a lot today on good earnings news – and in the face of a lot of skepticism on Wall St. The Dollar lost some of its recent gain, and the rest of the markets moved accordingly – gold up, oil and gasoline up, bonds up. In the news today….. Wild Card – [...]
Stocks continue their climb – actually they are going through a sideways trough right now. Bond interest rates are rising – this is not a good sign. The Dollar continues its strengthening Gold continues falling – and I hope it continues for a long time because I want a cheap price to buy back in. [...]
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…. [...]
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 [...]
Stocks soared forward today setting near term highs, and bonds increased in value (lower interest rates) as the FED bought bonds on the open market. The Dollar lost more money, and is WEAK, WEAK, WEAKER. Gold, oil and gasoline all went sideways. In the news today….. FDIC Bank Guarantees – of $320B that were made [...]
Stocks were up all day, but closed at their lows – basically a sideways day again. Bonds gained in value (decreased in interest rates) as profit taking and squaring of shorts moved bonds. Higher interest rates appear to be with us for some time. The Dollar lost over 1 cent against the Euro today, and [...]
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 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 [...]
