Stocks took off today on the news that the banks were finally being honest and getting the capital they really needed, and coming clean with their write off. I don’t buy all that hype. However, enough people did to push the DOW up 391 points.
10 Year Treasury Bonds lost ground and went up 0.11% in [...]
Stocks fell on the fear of falling housing prices, and poor economic data. Bonds went no where.
The Euro is poised to test its all time high tomorrow. The Dollar continues to amaze me with its rapid fall.
Oil lit on fire today as there was a very poor inventory numbers reported, and the dollar kept falling. [...]
Issue: 12/19/07 Wednesday
The market was up and down and up and down today. I’m feeling seasick. We are definitely in the light volume season of trading from today all the way to the end of the year. Moves can and will be exaggerated. Bonds increased in value slightly as bond players are still trying [...]
Issue: 12/18/07 Tuesday
The market consolidated today mostly. Thank goodness stocks didn’t go down again – so it’s like dodging a bullet. We continue to be firmly in a sideways trend in the market, technically speaking.
The big news was that the European Central Bank (ECB) will drop $500B into the European system over the next [...]
Issue: 12/17/07 Monday
The markets have started (please emphasize the word – started) to rationalize the meaning of the historic move the Fed made last week – meaning the move to add lots of liquidity to the US and European markets.
The stock market fell 173 points today after falling 178 points last Friday. Tomorrow [...]