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 […]
Stocks and bonds moved sideways today. Not much happening to move either of them.
Oil, on the other hand, decided it was just too high in price, and dumped $4.75/barrel off the price. Speculation is still rampant. What news caused this??? China said it was raising gasoline prices by 18%, and the world thought that this […]
Stocks fell all day, and regain a small amount of their loss at the end of the day, ending down 135 points. The bad news was that key financial companies (think Lehman, Merrill and Morgan Stanley) got downgraded by Standard and Poor’s rating company. This caused nervousness that another shoe may drop in the financial […]
The stock market fell 105 points today for decent reasons – corporate profits were not good enough. In reality, the stock market is just going sideways, and as it went up last week, it was time for it to go down this week. Bonds went sideways too.
Oil hit an all time high […]
Stocks shot forward on the news that Google made a huge profit, and CitiGroup didn’t go bankrupt, but just came in with a big negative. Irrational.
Bonds continued moving up a little in interest rates as there is a rumor the FED may not cut interest rates at all next time around.
The Dollar strengthened as the […]
Stock market down 36 points, and no change in the bond market. How boring.
The Dollar, oil and gasoline went sideways too. How boring.
Gold fell $9, and is now a great buy again.
In the news today….
The IMF said today that the amount of write offs from our lousy securities situation will be $1T (Yes, that is […]
Stocks fell again today, to insure that the market is just going sideways. Actually, it was the poor 4th quarter GDP numbers that depressed the market. Bonds went no where today.
The dollar got a little strength, and didn’t try to make a new high as I had predicted yesterday. Oh well, predictions are tough.
Oil continues […]
All the markets jumped today. Even the stock market – it started out with a big 100 point up, but ended down at the end a little. The stock market finally smelled the inflation scare.
The 10 year Bond Market jumped (in interest rate) again ending up near 3.9%.
Oil jumped over $100 and gasoline jumped way […]