Stocks fell back slightly today – really a sideways move. Bonds are starting to creep up in interest rates over the past week.
The Dollar gained a 1/2 cent, and gold and gasoline moved sideways. Oil, on the other hand, moved up again today, and is starting to look a little stronger.
In the news today…..
Greece – [...]
Stocks went up a little today on the retail sales news. Bond interest rates increased at the same time – continuing their sideways trough move.
The Dollar strengthened another cent against the Euro. This had the effect of reducing the price of gold, and reducing the price of oil/gasoline.
Gold is now approaching my first buy position [...]
Stock were bouncing around – more volatility and I love it. However, everything went sideways – a typical Friday.
Gold recovered its recent downdraft of profit taking.
In the news today…..
Europe’s GDP – rose to PLUS 0.4% this past quarter. This means that Europe is growing right now, but at a very slow pace. Good news on [...]
Stocks bounced around today as worry exists over a trade war between the US and China (that’s better than a shooting war.)
Bonds bounced on the same data with increased interest rates.
Gold fell a little today. Oil and gasoline went sideways.
The Dollar is falling, and falling fast right now. Why??? It’s simple. The FED is printing [...]
The big move in the market today was a big gain by a strong Dollar. Stocks decided they had gone too high, too fast, and gave up 187 of their recent gains. Have we just seen the top of the market??? Let’s wait to see. Maybe, and maybe not. If the market rallies tomorrow, today’s [...]
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 commodities.
In [...]
Stocks and bonds are going sideways during this low volume holiday season. The Dollar is also caught in a tight trading range and going nowhere.
Gold is rising, and is now over $870/ounce. That’s a nice run up from the recent low of $700/ounce. Hope you all got your slice of this happiness in these bad [...]
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 [...]
Most markets were sideways today – awaiting the election. Stocks were no exception ending down 5 points. Bonds made a slight gain in price – with lowering interest rates. Gold and the Dollar were both slightly up.
Oil, on the other hand, made a large dip in price – and gasoline made a near term LOW [...]
Issue: 12/18/07 Tuesday
The market consolidated today mostly. Thank goodness stocks didn’t go down again – so it’s like dodging a bullet. We continue to be firmly in a sideways trend in the market, technically speaking.
The big news was that the European Central Bank (ECB) will drop $500B into the European system over the next [...]