Stocks fell today, but only 82 points. Bonds moved sideways, as did the Dollar.
Gold fell $13.
Oil and gasoline fell also, below $70/barrel.
In the news today…..
Consumer Confidence – fell last month. But, this is a flaky statistic, so I would ignore it. Stocks thought it was terrible, so the stock market fell on the news.
Home Prices [...]
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 [...]
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 were up BIG this morning, but spent the entire day going down – and ending down 74 points. Why was it up BIG? The Chinese have announced a $586B stimulus package for their economy. The Chinese are scared to death that it won’t be creating as many jobs in the future as it has [...]
The entire market moved mostly sideways today, with a downward bias in stocks, down 52 points.
Bonds fell in interest rates, and the bond market is discounting any possibility of change in the FED Funds Rate for the entire year of 2008. This would have been my prediction too, so it’s nice to see lots of [...]
The stock market felt the pain of the economy, and fell 206 points today – lots of volatility this week. Bonds increased in value and ended with the 10 Year Treasury Bond below 4%.
Oil and gasoline moved down again today, the Dollar stayed the same and gold rose a little.
In the news today…..
I love the [...]
The stock market can be so much fun. Today was one of those days as stocks didn’t like the housing data and plunged 283 points. Bonds did its thing, and you should be getting used to bond and stock values going in opposite directions, as interest rates fell to just above 4%.
The Dollar and Gold [...]
The market went sideways all day until the end of trading, and just as Oil hit a new high, the market cracked, ending down 167 points.
Bonds, much to my surprise, fell a little in interest rates.
The Dollar fell, and we’ll see what the markets say the rest of the week. The European Central Bank is [...]
Stocks moved sideways today, as did the Dollar. Bonds took a mighty leap up (decrease in interest rate) as the unemployment figures scared bond traders (but didn’t even concern stock players – another sign of how fickle stocks really are.)
Oil and gasoline jumped up today. It looks like the speculators are active again. Could be [...]