Here are the closing statistics for our key indicators (10/18/11): DJ30 – 11,577 up 180 US Treasury 10 Year Bond – 2.15% down 0.01% USDEUR - 1.3756 Gold – $1663 down $13 Oil – $88.23 up $1.81 Stocks jumped today on news out of Europe – that I reported to you yesterday – but it [...]
Interest Rate Warning….. Have you noticed that interest rates are going up again? This morning, the 10 Year Treasury Bond is at 3.65%. The FED QE2 actions are clearly associated with rising interest rates, even though those actions are supposed to keep the rates down. The 10 Year Treasury has risen 1% since the announcement [...]
Vallejo….have you heard of this city before? Vallejo is a California city and is going bankrupt, and it has applied to the Federal Court in Sacramento for bankruptcy protection under Federal law. No city has ever gone bankrupt using Federal Bankruptcy protection law. This is a precedent, and I am bringing it to you for [...]
Stocks jumped upward to new near term highs today – on exuberant enthusiasm – nothing much else. Gold started back up, and Oil and gasoline jumped massively – only speculation could cause the volatility we have seen in the past two days in the energy futures market. In the news today….. Bond Auctions yesterday and [...]
Stocks plummeted today, down 201 points. Perhaps reality is setting in. Bonds gained dramatically (decreased interest rates) – a nice move for us. The Dollar strengthened one cent against the Euro. Oil and gasoline were hit again, and have come well of their recent highs. Sanity appears to be coming back into the oil price. [...]
Everything moved sideways today. Stocks were up and down and ended up 48 points. Bonds were the only market which ended significantly higher (lower interest rates) as people worried about the economy (see articles below.) Remember that the bond market is much more sober and realistic as a market compared to the stock market, or [...]
Stocks started up, went way down, and ended up 90 points. Bonds got killed today as a Treasury auction didn’t go as well as it could. The Dollar, oil and gasoline went sideways. Oil supply appears to be at a high point right now. Gold rallied and ended up again today. In the news today…. [...]
Stocks moved all over the place, but ended going exactly sideway. The Dollar, Oil and gasoline did the same thing. Bonds, on the other hand, are extremely nervous about the high volume of US Treasury sales this week. It should be a very bad week for bonds. Today, the 10 Year Treasury moved over 3% [...]
Stocks claimed some sanity today, and fell 245 points in the face of the bad economic conditions. Is this the beginning of the next meltdown of stocks? Bonds went sideways, and many are saying that there is a “Bond Bubble” happening right now. I tend to agree, but it could last longer and go deeper [...]
Stocks fell slightly today. Bonds had plenty of action with interest rates shooting upward – see article below. The Dollar strengthened as oil is thinking that the US economy will be coming back fast – kind of illogical, but that’s the market. Gold lost some of its luster, falling $22. Oil and gasoline powered ahead [...]
