Stocks moved sideways mostly today, but ended up just over 8000. This was in the face of a very bad unemployment report. Stocks are irrational, and this is proof. This has been the best stock rally since 1933. I might add that the Great Depression continued through 1939, so even if this is following the [...]
Stocks were hammered today as the pundits stated that corporate earnings aren’t coming in as high as they should be, and the future looks glum. Bonds rallied, and are on a major move downward in interest rates. The bond move is good news for the economy, as it’s stating that the government intervention is working [...]
Stocks started up over 400 points this morning, but ended down 77 points. Most people expected another up day for stocks today.
Bond interest rates roared ahead today – with the 10 Year Treasury Bond ending over 4%. (I want to thank several readers for pointing out that the bond market was closed yesterday – as [...]
Stocks jumped straight up today because all the fear left the market, and greed entered the door. The Dow ended up 936 points – a massive move upwards.
While other things had some big moves, I consider the rest of the market to be moving sideways.
In the news today….
While the G-8 and the G-20 met this [...]
Stocks bounced up 142 points today after yesterday’s mauling. There is always hope in the market – hope that AIG will get bailed out, hope that WaMu isn’t that bad off, hope the FED doesn’t cut rates…
Bonds lost very little (only 0.01%) as the FED decided to NOT cut the Fed Funds Rate. Bond traders [...]
I am going to try an experiment – trying to write the economyguy while traveling throughout the world. That means the timing of the articles might be affected, or I might miss an article if I get into a “computer unfriendly” area. But, assuming I can connect to the internet, all should be okay. I’m [...]
Stocks moved up again with expectant anticipation of a 0.50% cut in interest rates tomorrow from the Fed. However, the bond market interest rate went up today, and lost of its bias that the Fed would be cutting the full 0.50%. If the Fed cuts anything less than 0.50%, then watch out as stocks get [...]
Today was a sideways day in all markets. In addition Gold ended at a NEW HIGH, and Oil had an inter-day NEW HIGH. You might get tired of me saying NEW HIGH in the days to come. As far as the “sideways” comment is concerned, the numbers speak for themselves at the bottom of this [...]
Issue: 12/19/07 Wednesday
The market was up and down and up and down today. I’m feeling seasick. We are definitely in the light volume season of trading from today all the way to the end of the year. Moves can and will be exaggerated. Bonds increased in value slightly as bond players are still trying [...]