Here are the closing statistics for our key indicators (8/30/11): DJ30 – 11,559 up 19 US Treasury 10 Year Bond – 2.18% down 0.09% USDEUR - 1.4465 Gold – $1842 up $50 Oil – $88.86 up $1.59 Stocks sideways, bonds up (interest rates down), gold way up, Dollar level to down, and sneaky oil is [...]
Stocks soared on the great Consumer Spending news. Bonds rallied to lower interest rates as FED Chair Bernanke said he was going to keep interest rates low as long as necessary to start the economy growing. The Dollar moved all over the place, but ended going sideways. Gold hit an ALL TIME HIGH again today [...]
Everything went sideways today, except the Dollar and Gold. It definitely looks like stocks have topped out, but time will tell. The Dollar strengthened somewhat, and gold fell significantly. Is this what we can expect in a down stock market? In the news today….. Consumer Confidence – fell in July. While this is a flakey [...]
Stocks soared today – not being intimidated by the N. Korean A-bomb test and missile launches – and hanging its trend on the Consumer Confidence numbers. Bonds are now hovering at 3.5% for the 10 Year Treasury. This is a 1% increase in interest rates over the past 6 to 9 months. I consider this [...]
Stocks fell dramatically today on the feeling that our economic future stinks. We fell through that important 7800 Dow level, ending at 7552, so we are now in a new bear phase of the stock market. Did you really believe all those bulls talking on TV last week?Bonds gained in value as there was hope [...]
