Here are the closing statistics for our key indicators: DJ30 – 12,349 +70 US Treasury 10 Year Bond – 3.44% no change USDEUR - 1.4129 - a weaker Dollar Gold – $1422 +$6 Oil – $104.25 -$0.54 Gasoline $3.06 +$0.01 Oil …… Let’s talk about oil today. The price remains stubbornly high in spite [...]
The Markets Today….. It has been awhile since I talked about how the various markets are doing in the US, so now is a good time to look at these markets and explain a little of what is actually happening. Gold – as this is my recommendation for all readers to consider for inclusion in [...]
Stocks went up a little today on the retail sales news. Bond interest rates increased at the same time – continuing their sideways trough move. The Dollar strengthened another cent against the Euro. This had the effect of reducing the price of gold, and reducing the price of oil/gasoline. Gold is now approaching my first [...]
Stocks went sideways today with a downward bias. Bonds continued to increase in value (lower interest rates) and this is great news for all interest rates, but particularly mortgage rates sometime in the next couple of weeks. The Dollar went sideways, as did Oil and Gasoline. Gold was the big mover today, and ended up [...]
Stocks fell slightly today. Bonds had plenty of action with interest rates shooting upward – see article below. The Dollar strengthened as oil is thinking that the US economy will be coming back fast – kind of illogical, but that’s the market. Gold lost some of its luster, falling $22. Oil and gasoline powered ahead [...]
Merry Christmas to all the EconomyGuy readers. Enjoy this season with your loved ones. There won’t be an economyguy tomorrow, as I will be traveling and the market trading is very light. All markets went sideways today, and will probably continue for the rest of the week during those days when the markets are open. [...]
Stocks fell 100 points today after the market decided that the FED move yesterday wasn’t all that great. Bonds continued their massive drive upward in value (decrease in interest rates), and the 10 Year Treasury is now exploring whether it might break through 2%. The Dollar continued its massive fall in value, falling another 3 [...]
Stocks gained some of yesterday’s losses – ending up 270 points. Just trading moving the market today. Bonds continued their record breaking increase in value – but only a little gain today. The Dollar fell a little today, and gold gained back some of yesterday’s loss – based on the stock market movement. Oil and [...]
Stocks were scared about the bad earnings and financial meltdown continuing – worry about the government bailout working or not working. Shares ended down 177 points today. Bonds went sideways today. The Dollar strengthened, and gold fell. Oil and gasoline fell to new recent lows, and this means cheaper gasoline coming down the pike to [...]
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 [...]
