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 went way down today, recovered to positive territory, and ended down 80 points. Bank worries continued to be a key worry. Bonds lost ground (increase interest rates), as future inflation and supply of bonds weighed on the market The Dollar gain as did Oil and gasoline (on increased demand recently in gasoline.) Gold went [...]
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 [...]
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 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 were very volatile again today, and ended down 127 points. There was no change in bonds. Gold hit the $750 mark today, and bounced off it, ending at $788. Gold is something to buy with both fists right now. Gasoline and Oil rebounded slightly. It’s sure nice to watch gasoline prices coming down – [...]
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 [...]
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 [...]
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 [...]
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 [...]
