Stocks finished the week going down today as traders took their profits from the previous gains. The market ended down 148 points.
Bonds moved sideways.
The Dollar significantly strengthened, and is now at the level where it was prior to the FED announcement that it will buy long term Treasuries.
Oil and gasoline both gave up some of [...]
The stock market ended down today, making it a losing week after last week’s big gain. The market is still trying to figure out if the FED move last Wednesday was good or bad for its future.
Bonds moved sideways, as did the Dollar, as did gasoline and oil.
Gold moved sideways too, and this was great [...]
Stocks fell a little today, but ominously bond interest rates rose. More ominously, the Dollar fell and oil/gasoline rose on the inflation fears of the FED action of yesterday. The energy price rise was an unintended consequence of yesterday’s actions.
Gold rose $70 today, a big blast. This was also a unintended consequence, but a good [...]
Stocks fell dramatically today on the feeling that our economic future stinks. We fell through that important 7800 Dow level, ending at 7552, so we are now in a new bear phase of the stock market. Did you really believe all those bulls talking on TV last week?Bonds gained in value as there was hope [...]
Stocks fell 100 points today after the market decided that the FED move yesterday wasn’t all that great.
Bonds continued their massive drive upward in value (decrease in interest rates), and the 10 Year Treasury is now exploring whether it might break through 2%.
The Dollar continued its massive fall in value, falling another 3 to 4 [...]
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 [...]