While yesterday was boring, today was very exciting. Stocks got clobbered by the FED announcement today, and ended down 223 points. Bonds could not hold onto their gains from yesterday, and gave them all up today, as bonds worried about the FED inflation statements. Oil and gasoline set new highs today, and that is BIG [...]
The stock market was boring again today, just falling 49 points. The 10 year treasury bond market continued its sideways movement, and ended up just below 3.5%. The real action was everything else. Oil set a new high today!!!!!!!!!! Get used to permanently being gouged at the pump. Gold moved up sharply too. The Euro [...]
Hardly anything happened today. Very boring. Stocks moved absolutely sideways. Bonds continued their sideways move too, as did the Euro. Oil and gasoline stood out as the big moves about to smash through their all time highs. Are you sick and tired of paying those high gasoline prices, and being ripped off by the big [...]
Stocks moved sideways again today, ending up 41 points. Nothing too exciting there — but wait. Bonds fell in value (increased in interest rates) as the AMBAC (bond insurer) fiasco played out today. AMBAC announced it will be raising $1.5B by selling its shares. It looks like the banks reported a few days ago, won’t [...]
The market got a boost today from the “Stimulus Package” talks, and ended up 108 points. The 10 Year Treasury took it in the shorts as the rate increased 0.21% (IN ONE DAY), ending up at 3.64%. Bond prices were just doing their normal thing as people took money out of bonds to put in [...]
Stocks and bonds went sideways – I guess everyone is exhausted from the past few days of frantic activities. However, once these players catch their breath, anything can happen. Oil pulled back to about $90 a barrel – and that’s good news. If it could stay at that level, gasoline would start coming down in [...]
The stock market went up today based on reassuring words from Ben Bernanke and rumors that Bank of America is courting Countrywide. But, that’s not the whole story. Gold hit another all time high of $894 (just shy of $900), and bond interest rates soared too. Why bonds? Well, they naturally go in the opposite [...]
Today was a blockbuster day for market “in your face” numbers. Stocks, Gold and Oil set their own tone for records. Let’s start with the commodities – they’re easier to talk about. Gold hit $860, and thereby smashed through the $850 – ALL TIME HIGH – setting a new high for gold prices. When I [...]
Issue: 11/23/07 Friday The market was closed yesterday – and I hope you all had your fair share of turkey, cranberry sauce and pumpkin pie. I did with my family. Today was a short day and the market went wild jumping up 183 points. As I said last Wednesday, you must ignore this week as [...]
