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. […]
The market moved sideways again today as did the Bond market. - nothing much new there. Are you getting tired of this sideways movement? The one thing you can guarantee is that no one is making money in these markets as a straight buyer.
The Euro set a new high today – just slightly higher than […]
The stock market continued its sideways move today by moving down 45 points. 10 Year Treasuries increased in interest rate by 0.05% as a correction to the recent downward rate moves.
The Dollar held steady today.
Gold, Oil and Gasoline all moved down in price as profit taking took place from the massive recent increases in price. […]
Stocks moved all around today, and ended up about where they started. Bonds did the same.
The real news is the Dollar Downdraft. The Euro hit a new high of over $1.51. Where could the dollar go from here? My opinion is that it will only go down over the long run. (There will always be […]
The market got a boost today from the “Stimulus Package” talks, and ended up 108 points.
The 10 Year Treasury took it in the shorts as the rate increased 0.21% (IN ONE DAY), ending up at 3.64%. Bond prices were just doing their normal thing as people took money out of bonds to put in the […]
Friday was a non event in the stock market. Much to be expected. People are really winding down, and looking forward to their Wall St. bonuses that are 14% higher than last year. Have you ever asked yourself why it’s higher this year?? The financial companies are doing terribly – in the […]