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 […]