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” [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 financial details. Kind [...]
