Here are the closing statistics for our key indicators: DJ30 – 12,377 up 57 US Treasury 10 Year Bond – 3.44% down 0.04% USDEUR - 1.4225 - a weaker Dollar Gold – $1428 down $10 Oil – $108.14 up $1.42 – a recent HIGH – very dangerous for our economy!!!!!! Gasoline $3.15 up $0.04 Interest [...]
Interest Rate Warning….. Have you noticed that interest rates are going up again? This morning, the 10 Year Treasury Bond is at 3.65%. The FED QE2 actions are clearly associated with rising interest rates, even though those actions are supposed to keep the rates down. The 10 Year Treasury has risen 1% since the announcement [...]
Vallejo….have you heard of this city before? Vallejo is a California city and is going bankrupt, and it has applied to the Federal Court in Sacramento for bankruptcy protection under Federal law. No city has ever gone bankrupt using Federal Bankruptcy protection law. This is a precedent, and I am bringing it to you for [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
