Sorry for the early closing of economyguy today, but I have to get up early and face an Italian pilot flying Alitalia.
Stocks went sideways today again, as did bonds, as did the Dollar, as did oil, as did gasoline.
Gold, on the other hand, SOARED today as it did yesterday. Hurrah. Breaking those topside resistance levels [...]
Economic worry caused a huge decline in stocks today, down 345 points. Bonds continued their gains with decreases in interest rates.
The Dollar continued its rally big time – down to $1.43
Oil, gasoline and gold went down slightly – with oil going down the most.
In the news today…..
Unemployment jumped last week (unexpectedly) to 444,000 – up [...]
What an interesting Christmas season we are having in the markets. The stock market was open last Monday, Christmas Eve, but was a short trading day. On Monday, stocks climbed about 100 points, and today stocks climbed 2 points.
Today every other market started to move.
Bonds are the market to watch. Today, the 10 Year Treasury [...]
Issue: 12/18/07 Tuesday
The market consolidated today mostly. Thank goodness stocks didn’t go down again – so it’s like dodging a bullet. We continue to be firmly in a sideways trend in the market, technically speaking.
The big news was that the European Central Bank (ECB) will drop $500B into the European system over the next [...]