All the President’s Horses, couldn’t put……. President Obama gave his State of the Union speech on Wednesday night, and you have been bombarded by the pundits applauding or berating the speech. I will give you my “economic” view of his speech, and how it hits your pocketbook. The main thrust of his speech in economic [...]
All the markets moved sideways today. Stocks are flirting with technical support areas to determine if this market will bounce up again, or die a painful death by losing a significant amount of its recent gains. On the news front, everyone is waiting to see if Congress and the President will be changing course, or [...]
Stocks, the Dollar, Gold, Oil and gasoline all moved sideways today – very boring. Bonds got scared by the PPI, and increased interest rates – bad news for us all. However, the scare of inflation remains even thought the argument of deflation versus inflation rages. In the news today…. Retails Sales – rose in June [...]
Stocks spent the whole day way up, but gave up over half of its gain at the end of the day, ending up 87 points. This was the best month in stocks in a very long time. Bonds moved sideways. The Dollar lost some ground today. Oil and gasoline gained a little. Gold gained $7 [...]
Stocks fell a little today, but ominously bond interest rates rose. More ominously, the Dollar fell and oil/gasoline rose on the inflation fears of the FED action of yesterday. The energy price rise was an unintended consequence of yesterday’s actions. Gold rose $70 today, a big blast. This was also a unintended consequence, but a [...]
Stocks opened up, spent most of the day WAY down, and ended up 33 points. I call this moving sideways. Bonds moved sideways too, as did the Dollar. Oil and gasoline rose a little. Gold gained $14, and is coming back. Gold continues to be a “buy”. Unemployment Rate – rose to 8.1% from 7.6%. [...]
