Stocks, the Dollar and Gold went sideways today – kind of boring.
Bonds hit another near term HIGH today as the US Treasury auction didn’t go that well. Higher interest rates coming – see stories below.
Oil and gasoline also hit a near term HIGH today as oil is now over $71/barrel.
In the news today…..
Supreme Court doesn’t [...]
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 finally went up today, based on news that China is considering it’s own stimulus package. If you believe a rumor like that would move the market, I have bridge to sell to you.
Bonds increased in interest rates again, and this is much more dangerous to the future economy than where the stock market ends [...]
Stocks and bonds went sideways today. The Dollar was down a little today, and gold recovered half its loss of yesterday – up $13.
Oil continued its fall, BUT gasoline has been stubbornly staying at a higher range relative to oil. This means increases in gasoline prices at your pump. This smells like manipulation of some [...]
Stocks fell today (down 219 points) based on the deteriorating financial basis of companies – GE is now under pressure.
Bonds continued their drive to have the 10 Year Treasury below 2.0%. This is amazing and historic by anyone’s perspective.
Oil and gasoline continued their fall in price as the energy market is trying to figure out [...]
Stocks fell today – kind of a see-saw going on the last couple of days – falling 215 points.
Bonds continued their dramatic rise – a decrease in interest rates. Most bond players think that the bond market is set for some sort of correction soon as there has been a truly dramatic, dramatic rise in [...]
The stock market was the news maker today. It went down 323 points in the morning, and ended up 299 points in the afternoon. This volatility thing is getting a little out of hand. Somebody’s making a fortune on these swings. Why did the market go up at the end? It is hoping and assuming [...]