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 [...]
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. [...]
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 [...]
Stocks resumed their upward trend to make you think the bottom has been hit, and the worst if over, and you will make money in the stock market for the rest of your life. Good luck. Bonds also increased in interest rates, and as the 10 Year Treasury exceeds 3%, the influence on other interest [...]
Stocks lost some more ground, and are in striking distance of recent lows. Bond interest rates rose as concern about the supply of future bond offerings hit the market. The Dollar moved sideways today. Oil went higher on potential oil supply cuts in the Middle East. Gasoline just went sideways today. Gold fell $25 today [...]
Stocks moved sideways today – not a ringing endorsement of the President’s Mortgage Rescue plan. Bonds gave up value (increased in interest rates again.) The Dollar strengthened again on Euro weakness. Oil and gasoline both gave up ground again today. Great for us as consumers. Let’s hope it continues in a downward direction – but [...]
Stocks fell dramatically today on the feeling that our economic future stinks. We fell through that important 7800 Dow level, ending at 7552, so we are now in a new bear phase of the stock market. Did you really believe all those bulls talking on TV last week?Bonds gained in value as there was hope [...]
Stocks rallied on the news that housing sales were going up. Is that good news? See below. Bonds fell in value (increased interest rates) as the stimulus package is batted around like a baseball with no one really knowing how it will come out. The Dollar fell against the Euro and was steady against all [...]
Stocks spent most of the day in negative territory, then recovered, and retreated – ending down 105 points. The economy continues to dominate the thought in stocks with Microsoft announcing layoffs for the first time. Bonds continued to lose ground (increase interest rates) – and this is hitting mortgage rates hard right now. The Dollar, [...]
Stocks soared today – all at the end of the day – after dropping several hundred points in the first half of trading – ending up 552 points. Bonds foretold the stock movement and was losing value (increasing interest rates) during the entire day – but especially during the massive stock run up. The Dollar [...]
