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 […]
Stocks fell like a hammer blow as US stocks followed the rest of the world stock markets down. Confidence has not increased since Congress passed the bailout – I guess there must be more to bail out.
Bonds were the “safe haven.” All international monies moved to the US and bought bonds – forcing the Dollar […]
Stocks set a record DOWN today when Congress rejected the $700B bailout plan, going down 778 points. Bonds were a safe haven with reducing interest rates – and bonds are a clear winner too. Bonds are betting the FED will reduce the Fed Funds Rate next month.
The Dollar went sideways with the Euro losing value, […]
Stock rumbled, trembled, and fell like a rock today, down 449 points. The stock market is truly a bear market, and people are going to lose a lot of money. I told you about the “confirmed” bear market 6 months ago, and it’s interesting it has taken this long to really start dropping.
Bonds on the […]
Stocks fell dramatically on the Lehman Bros news. This was the most rational reaction that stocks have shown all year. The Dow fell 504 points. I believe that stocks are now going to go down for awhile and hit a new (lower) plateau to then go sideways from. The current sideways movement I believe is […]
Oil prices drove the stock market straight up at the open on Tuesday, up 250 points. But, in thin trading, the market realized that oil prices really are not all of the market, so the market ended down 27 points. Quite a swing.
Bonds prices went the opposite of stock prices, so bond interest rates ended […]