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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Stocks jumped today on pure optimism that all the banking woes are over, and the housing market is near its bottom, and the dollar is in a long term rally, and oil will continue to fall in price until they give gas away. Bonds didn’t believe all that hype, but lost some value. The Dollar [...]
Stocks tried to surge up today as Congress was voting on passing the Fannie/Freddie bailout legislation. But, they ran out of steam, and ended up only 30 points today. Bonds are getting clobbered with the 10 Year Treasury now sitting at 4.15%. This is a 0.4% jump in rates in about one week. I can [...]
Stocks surged late in the day as oil prices continued to fall. Bond interest rates continued to increase. Oil prices are the big story, as they continue to fall. Yesterday, there was a big battle between the two buyers and sellers of oil, and this could be an indication of a blow off in the [...]
Today was a mini-repeat of yesterday. Stocks, after being slaughtered yesterday, were killed today. Bonds continued their value gain (decrease in interest rates) and ended below 4.0% for the 10 Year Treasury. The Dollar continued it losing ways. Oil continued up, and set another new high of $142.60; but, gasoline (always being difficult) lost one [...]
