Stocks and bonds were sideways today.
The Dollar lost 1.5 cents against the Euro which sent oil and gold prices higher.
In the news today……
Detroit Real Estate – prices are astonishing. Can this happen else where? Or, is this just associated with the car industry meltdown? 20% of Detroit foreclosure are being left empty. Property prices have [...]
Stocks continued their downward slide, but like most down days, they recover at the end of the day. (Have you ever asked yourself WHY?)
All other markets went sideways too.
In the news today……
Geithner called to resign – over the auditor report of his handling of the AIG affair while he was Fed Chairman of the NY [...]
Stocks tumbled today, and could be starting a long road downward. Bonds increased in value (lower interest rate) but within its current trend.
The Dollar gained almost one cent against the Euro, and drove the other markets.
Oil, gasoline and gold all fell with the stronger Dollar.
In the news today…..
GMAC – wants more tax payer dollars. They [...]
All markets moved sideways today – very boring.
In the news today…..
Home Building Permits – fell in September. This shows that home builders got the message – there is going to be plenty of competition from foreclosures in the near future.
Wholesale prices – fell last month, but not much. This is a fairly volatile and inaccurate [...]
Everything went sideways today, except the Dollar and Gold. It definitely looks like stocks have topped out, but time will tell.
The Dollar strengthened somewhat, and gold fell significantly. Is this what we can expect in a down stock market?
In the news today…..
Consumer Confidence – fell in July. While this is a flakey statistic, [...]
Stocks continued their recent climb.
Bonds, oil and gasoline all went sideways.
The Dollar lost over one cent – a major move downward.
Gold gained $11, and has broken out of its recent trading range to the upside.
In the news today….
Economic Indicators – were up in June. Ergo the increase in the stock market recently. What [...]
Stocks and bonds moved sideways today.
The Dollar FELL dramatically against most currencies.
Oil and gasoline went up – and this was driven by the weak Dollar
Gold went up slightly – and this was driven by the weak Dollar.
In the news today…..
Existing Home Sales – rose 2.4%, the 3rd month in a row increase. Good news, but [...]
Stocks went up again on news that there are some “bright linings” in those economic clouds, and things will get better, or at least things are bottoming.
Treasuries lost value (increased interest rate) on the stock movement.
The Dollar, oil and gasoline went sideways.
Gold fell $14, and is now poised to test the $850 to $860 level.
In [...]
Stocks went up today, but for irrational reasons. Bonds moved sideways.
The Dollar and oil and gasoline all moved sideways too – all are trapped in an up and down sideways movement.
Gold moved up slightly – but could be considered sideways too.
In the (bad) news today…..
Pending Home Sales rose 2.1% in February. But, this is after [...]
Stocks fell dramatically on the GM news out of DC. Bonds moved sideways.
The Dollar gained against most currencies and gold fell a little after opening up.
Oil and gasoline were the big movers, falling below $50/barrel and being concerned about the fall in confidence caused by the GM actions.
In the news today…..
President Obama’s taskforce for the [...]