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 up today by 198 points. Have you noticed that over the past few months that the DJ30 Index hasn’t gone anywhere, but it has gone up and down a lot?? Does that make you wonder if it’s worthwhile investing in stocks? Bonds moved sideways today, and Gold fell just a little 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 [...]
This was a great week for stocks. They up, then up, and then up again. Sort of an up week. Bonds, on the other hand, did just the opposite. The Dollar acted strangely as it got strong, and then weakened the rest of the week, but this was not reported by the press; it’s just [...]
Stocks took a massive hit today as oil price lit up in price. Stocks are just nervous about its future, and is selling into that fear. Financials are in deep trouble, and blue chip companies like GM are in trouble too. Bonds increased in value as stocks fell, and bonds became a “safe haven” for [...]
From Tom Harvey – author and Cyrus Uible – technical guru. Stocks took up the volatility wand today, and dropped 206 points. The Dow is approaching the bottom of it’s trading range of about 11,800, and if it drops through that, it will enter a new range, and show all of us we’re in a [...]
Did you ever wonder what would happen the next day to a market that was a BIG MOVER, like the one last Friday? Well, today was a perfect example. All the big movers (except Gold) pulled back a little from their big move. They didn’t move back all the way, just a little ways. Gold [...]
Wow, what a day of market activity. Oil took off and broke all records – the biggest increase in one day (over $10) and a NEW HIGH of $138.54. Gasoline just tagged along for the wild ride. The Dollar took it in the ear when oil took off. The Euro jumped over 2 cents today, [...]
Stocks moved sideways today, but worry crossed the market as rumors about Lehman Bros. spread like a wildfire. Bonds increased in interest rates as Bernanke jawboned about inflation. In fact, in a speech about 1970 inflation, he mentioned the word inflation 29 times. You can bet this was purposeful, while not being direct about today’s [...]
Stocks moved up slightly today, up 69 points. Bonds lost value ending up in interest rate at 3.92% – showing a concern for inflation, and the bond supplies coming on line the next 2 days. Oil was the big story, dropping over $3 – this is great news if it is the first step in [...]
