Stocks soared today – all at the end of the day – after dropping several hundred points in the first half of trading – ending up 552 points. Bonds foretold the stock movement and was losing value (increasing interest rates) during the entire day – but especially during the massive stock run up. The Dollar […]
Stocks were buoyant and ended up 248 points. This – in spite of the news on unemployment.
Bonds didn’t like the amount of new Treasuries coming onto the market in the future, and dropped in price – increased in interest rates.
The Dollar, Gold, Oil and gasoline all moved sideways – hard to believe.
In the news today…..
The […]
Stocks continued their upward movement, ending up 144 points. There have been so many consecutive up days in a row, that I now believe that Monday is an excellent day for a big down day. We’ll see.
Bonds continued their upward movement in interest rates. This is being caused by old time economics – supply vs […]
The stock market has spoken. Everyone was so happy last Monday when stocks surged – so fast, and so far – a record amount. In the last two days, the stock market has lost over 800 points. This is tragic news for people who are depending on increasing stock prices to maintain their retirement, or […]
Stocks jumped straight up today because all the fear left the market, and greed entered the door. The Dow ended up 936 points – a massive move upwards.
While other things had some big moves, I consider the rest of the market to be moving sideways.
In the news today….
While the G-8 and the G-20 met this […]
Stocks dropped again today at the end of the seession – down another 189 points. We haven’t seen this much of a sustained multi-day drop in stock prices in a very long time. Do you remember when the DOW broke on the upside each of those 7000, 8000, 9000, and then 10,000?? That happened very […]
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 […]
Stocks tried to surge up today as Congress was voting on passing the Fannie/Freddie bailout legislation. But, they ran out of steam, and ended up only 30 points today.
Bonds are getting clobbered with the 10 Year Treasury now sitting at 4.15%. This is a 0.4% jump in rates in about one week. I can smell […]
Stock were boring again today, just up 52 points.
Bonds were where the action was. There was a technical breakout with increasing interest rates, and the 10 Year Treasury hitting 4.07%. News on why this happened below.
Oil fell over $4 today as the worries in supply evaporated, and the speculative longs got covered. Not so much […]
Stocks did nothing today, but ended up slightly.
Bonds said everything. They ended over 4% - something I predicted a few weeks ago. This is the real news. This means that inflation is here, and watch out. Interest rates are going higher. Mortgage rates should start moving up in sympathy.
Oil and gasoline bounced back after their […]