All the markets moved sideways today. Stocks are flirting with technical support areas to determine if this market will bounce up again, or die a painful death by losing a significant amount of its recent gains. On the news front, everyone is waiting to see if Congress and the President will be changing course, or [...]
Stocks were slightly up today, and bonds also went sideways. The dollar gained, and then lost value – ending sideways.
Gold went sideways.
Oil and gasoline continued their downward slide. This is beginning to look like we might get lower gas prices.
In the news today…..
Wholesale Inventories – rose 0.3% in October. This rise is after 13 months [...]
Stocks continued their downward slide, but like most down days, they recover at the end of the day. (Have you ever asked yourself WHY?)
All other markets went sideways too.
In the news today……
Geithner called to resign – over the auditor report of his handling of the AIG affair while he was Fed Chairman of the NY [...]
Stocks were up all day, but closed at their lows – basically a sideways day again.
Bonds gained in value (decreased in interest rates) as profit taking and squaring of shorts moved bonds. Higher interest rates appear to be with us for some time.
The Dollar lost over 1 cent against the Euro today, and is testing [...]
Stocks fell a little today, and are awaiting earnings reports to determine its future path.
Bonds also moved sideways, as did the Dollar.
Oil and gasoline fell slightly.
Gold fell a lot, being down $25 today. The new price has broken a trend line on the downside, and gold must test recent support levels at $850 to $860 [...]