Stocks moved upwards – by 190 points today. Not much sanity in the market – so I think there will be some surprises soon in the market.
Bonds continued their climb in interest rates. The Dollar moved sideways.
Gold, oil and gasoline all fell in price today. Gold continues to be a fantastic buy at this price.
In […]
Stocks moved multiple hundred points up and down today, awaiting the FED announcement on a rate cut. Once that announcement was made, stocks fell like a stone, ending down just 74 points – basically a sideways move day (with volatility).
Bonds continued their upward trend in interest rates.
The Dollar lost more ground, and Gold gained some […]
Stock gyrated today from low to very low to low to moderately low, closing down 312 points. How low can you go? The reason? - the world is still scared about a worldwide recession. Bonds got clobbered today, rising in interest rates.
Gold and the Dollar had a modest rise.
Oil and gasoline continued their tumbling ways […]
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 fell 232 points today, and the reason?? - to take some of the profits made yesterday. What a fun market.
Bonds fell significantly in interest rates today, and I see this as an encouraging sign that the markets think the government actions are working, but slowly.
The Dollar went up significantly today against the Euro, but […]
Stocks dropped again today at the end of the seession – down another 189 points. We haven’t seen this much of a sustained multi-day drop in stock prices in a very long time. Do you remember when the DOW broke on the upside each of those 7000, 8000, 9000, and then 10,000?? That happened very […]
Stocks crumpled again today, down 508 points. The reason? - complete lack of faith in the financial system – and worry about further shoes to drop. The market was right again today – very hard to believe – there will be more shoes dropping.
Most other markets went sideways as stocks took took center stage. Oil […]
Stocks roared up today on the idea that Congress will pass the bailout; and rose 485 points.
Basically all the other market unwound part of the gains/losses they made yesterday.
In the news today….
Congress is talking about having a new bill drafted for the bailout. The people who voted against the bill yesterday are saying they want […]
Stocks were flat all day except at the end, and they jumped 410 points on news that the government is thinking about creating an entity to take over bad bank’s debts. More delirium.
Bonds moved lower (higher interest rates slightly) on the stock market news.
The Dollar, oil and gasoline moved sideways.
Gold had another massive jump today […]
Stocks, Bonds and the Dollar all went sideways today.
Oil and gasoline dropped, but I bet you still don’t see gasoline prices below $3 at the pump yet. It should be soon, if the futures price of gasoline is passed onto the buyer.
Gold stayed steady today. That great opportunity to buy could be around the corner. […]