Hurrah!!!!!! The election is here at last, and it will be all over today. Markets love certainty, and the election provided an unwanted level of uncertainty in the financial markets. My interpretation of the numbers today, is that the markets all turned today, and will be looking different in the future. But, how will the […]
Stocks were way up, then way way down, and then ended up – up 172 points for the day. This volatility can make you dizzy.
Bonds continued their gains with lower interest rates – more bad news is expected soon.
The Dollar, Oil and gasoline moved sideways today.
Gold fell again – this time to $715. Buy with […]
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 […]
Stock rumbled, trembled, and fell like a rock today, down 449 points. The stock market is truly a bear market, and people are going to lose a lot of money. I told you about the “confirmed” bear market 6 months ago, and it’s interesting it has taken this long to really start dropping.
Bonds on the […]
From Tom Harvey - author and Cyrus Uible - technical guru.
Stocks moved sideways today, and bonds did too.
Oil and gasoline had a massive rally in price as fear swept the market over the Russia – US impasse over Georgia and US Missile Defense in Poland. The Dollar lost ground along with the rise in oil.
Gold […]
Sorry to have missed yesterday’s market, but international travel does have its hiccups. However, I’m now connected.
Stocks fell for the last 2 days. The main reason is the fear of more financial meltdowns, and that fear is a real one – not just one that the market makes up to move itself. Bonds reacted correctly […]
There was really no news out there today. Stocks moved sideways, but bonds continued their increase in value (decrease in interest rates) as people continued to feel that inflation is getting better, so maybe treasuries won’t go up. Good luck.
Oil and gasoline continued their downward trend, and this is providing the impetus to the markets.
Gold […]
Today was an unspectacular day in all markets. They all went sideways. Kind of dull.
The biggest mover that I talk about was Gold which moved up $13/ounce today.
In the news today…..
So. California home prices fell 26.7% in May over the previous year in the 6 most populous counties. This was the steepest drop EVER. The […]
Stocks got scared today after yesterday’s big run up, and ended down 293 points. As much as everything changes, it stays the same. We are now in a lower sideways movement. Tomorrow should be interesting too.
Bonds got that excess stock market money in its role as a “safe haven”, and the 10 year treasury interest […]
Stocks moved sideways again today, ending up 41 points. Nothing too exciting there — but wait.
Bonds fell in value (increased in interest rates) as the AMBAC (bond insurer) fiasco played out today. AMBAC announced it will be raising $1.5B by selling its shares. It looks like the banks reported a few […]