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 […]
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 […]
Stocks rose on the good news about the financial sector (What good news??) Bond interest rates fell on the same news.
Oil, gasoline and gold fell back to yesterday’s starting levels, that’s fun. So, more sideways movement.
The Dollar gained ground again moving strongly against most currencies, especially the Euro. Europe is seen as not being proactive […]
Stocks moved mostly sideways awaiting tomorrow’s FOMC meeting, ending down 42 points. Bonds did the same, as did the Dollar. Gold dropped $10 as the news is only “good” for the economy – can you believe that??
Oil and gasoline dropped a lot. Oil fell more than $3 – even though there’s a storm off of […]
Stocks fell 200 points at the market open, but ended down only 97 points at the close. Bonds continued their decrease in interest rates.
Gold and the Euro continued their march upward, but only a little.
Oil and gasoline fell off, big time, with stock market pundits hoping this would turn the market around, and pull the […]
Stocks crashed today on the bad news coming out of Fannie Mae and Freddie Mac (see analysis below). The market cracked falling below the 11,000 level, then regaining its entire loss to show a slight profit, and then falling again, ending off 128 points.
Bonds lost one week’s worth of gains, and increased its 10 Year […]
What a great market. Everything went up today. Everyone’s a winner – or are they???
Stocks jumped 257 points, a massive jump. This was caused by great earnings numbers being reported (read the story below to get the true story).
Bonds jumped to 3.70%, and this is truly reflecting the inflation in the system. No one can […]
Stocks moved all around today, and ended up about where they started. Bonds did the same.
The real news is the Dollar Downdraft. The Euro hit a new high of over $1.51. Where could the dollar go from here? My opinion is that it will only go down over the long run. (There will always be […]
Stocks did their irrational thing today – started out lower, and ended up higher. In the end, it moved sideways again.
Bond interest rates continued to climb on inflation worries. Bonds look out further in time than stocks will ever be able to.
Oil and Gold hit new highs today. Are you getting used to $101/barrel oil?
In […]
Stocks moved up and down and up today, and ended up 47 points. The real action was in the bond and currency markets today.
The 10 year bond ended up 0.12% today, a major move. There was a “bad” auction of 30 year bonds with the Fed today as bidders felt that inflation might be coming, […]