Absolutely all markets marked time and moved sideways today. No big ups and no big down. Even markets need R&R sometimes.
In the news today……
US Dollar Reserves – worldwide have slipped from 80% of all reserves in the world in 2002 to 64% today. Why the slippage? Two reasons – first the Dollar is worth less, [...]
Gold crashed through $1000/ounce today, and struck $1008 on the way. Gold pulled back during the day, but maintained a gain for the day.
The Dollar crashed to the lowest levels this year; losing over 2 cents against the Euro. Taken together with the Gold move, you can see that something fundamental is happening in the [...]
Stocks were up 100 points at the start and most of the day, but ended down 53 points.
Bonds rallied (lower interest rate) as the FED intervened in the 7 year Treasury auction and bought themselves.
The Dollar went much lower today, but I’m hoping it turns around tomorrow and starts coming back stronger – we’ll see.
Gold [...]
Stocks fell a little today, and are awaiting earnings reports to determine its future path.
Bonds also moved sideways, as did the Dollar.
Oil and gasoline fell slightly.
Gold fell a lot, being down $25 today. The new price has broken a trend line on the downside, and gold must test recent support levels at $850 to $860 [...]
Stocks finished the week going down today as traders took their profits from the previous gains. The market ended down 148 points.
Bonds moved sideways.
The Dollar significantly strengthened, and is now at the level where it was prior to the FED announcement that it will buy long term Treasuries.
Oil and gasoline both gave up some of [...]
Stocks fell 411 points today, and is now close to the recent minimum level reached during the last stock market meltdown a couple of weeks ago. Some stock market pundits are saying that if the market rallies from this level, a bottom has been reached in the market. The opposite of this philosophy is that [...]
I must apologize for the interruption to economyguy, but I’m hoping to have this sorted out on this ship. I had the architect of the ship’s IT System working on it, so it should be much better now.
Friday was sort of historic in the markets today. The stocks went wild as oil dropped to technically [...]
Everything moved sideways based on no news. The Dollar crept up on fears of a “global recession” as this is seen as good news for the Dollar. The Euro weakened because the Europeans are coming to know that there will be a recession in Europe in the near future. That means no more rate hikes [...]
Today was mostly a sideways day for almost all the markets. Stocks finished down 29 points after starting in positive territory. Bonds were basically level.
Oil and gasoline started their way back up, by adding $2 today. Gold also claimed a small $7 gain today.
Currencies were the quiet market by not having any “hoop-la” in the [...]
All the markets moved sideways, so there’s really nothing to report there.
Some folks are worried about stocks being in a BEAR market right now, and the possibility of a BEAR market rally – that’s when stocks go up for a short time before continuing their downward trend. For those of you who are traders, i.e. [...]