Stocks moved sideways, and maintained their current high levels.
Everything else moved sideways today.
Notably, oil is no above $68/barrel, and should portend higher energy prices. Gasoline is not behaving itself very well. You see that gasoline prices are going up at the pump for the last 3 days. However, there is a massive glut of gasoline [...]
The stock market ended down today, making it a losing week after last week’s big gain. The market is still trying to figure out if the FED move last Wednesday was good or bad for its future.
Bonds moved sideways, as did the Dollar, as did gasoline and oil.
Gold moved sideways too, and this was great [...]
Stocks jumped today with the largest gain in many months. Financial stocks, especially banks, lead the way. Citibank said it was profitable for the first two months of 2009, and that was the headline impetus.
Bond interest rates rose again, and the Dollar gained also.
Oil and gasoline fell slightly.
Gold fell again, and is now below $900/ounce. [...]
Stocks crumbled today, down 300 points, as traders are sick and tired of waiting for the government to decide how it is going to value the toxic securities in the banks. AIG declared a $63B loss, and got a $30 additional bailout loan (story below). The world stock markets fell today before Wall St fell. [...]
Stocks closed down (see news below for importance of this VERY SIGNIFICANT event.
Bonds went sideways as did the Dollar, as did oil and gasoline.
Gold soared to new recent heights – this was the confirmation of gold going higher that I was looking for. Gold is now a “buy.”
In the news today…..
A year ago, and last [...]
WOW!!!! Stocks closed under 8000 today – falling 427 points. This is a VERY BAD sign for the stock market. This means that the recent lows were tested – 3 times – and failed to hold. The bottom is going to be MUCH lower than today’s level. The next stopping point is 7000, but isn’t [...]
Stock gyrated today from low to very low to low to moderately low, closing down 312 points. How low can you go? The reason? – the world is still scared about a worldwide recession. Bonds got clobbered today, rising in interest rates.
Gold and the Dollar had a modest rise.
Oil and gasoline continued their tumbling ways [...]
Stocks were way up, then way way down, and then ended up – up 172 points for the day. This volatility can make you dizzy.
Bonds continued their gains with lower interest rates – more bad news is expected soon.
The Dollar, Oil and gasoline moved sideways today.
Gold fell again – this time to $715. Buy with [...]
The stock market has spoken. Everyone was so happy last Monday when stocks surged – so fast, and so far – a record amount. In the last two days, the stock market has lost over 800 points. This is tragic news for people who are depending on increasing stock prices to maintain their retirement, or [...]
Stocks jumped straight up today because all the fear left the market, and greed entered the door. The Dow ended up 936 points – a massive move upwards.
While other things had some big moves, I consider the rest of the market to be moving sideways.
In the news today….
While the G-8 and the G-20 met this [...]