I was amazed today with the stock market. I’m sure this is a record of some sort, but I haven’t read that so far. The Dow was up 889 points – over 10% in one day. People just thought the market was oversold and there were too many bargains out there. BUT – they waited [...]
Stock gyrated today from low to very low to low to moderately low, closing down 312 points. How low can you go? The reason? – the world is still scared about a worldwide recession. Bonds got clobbered today, rising in interest rates.
Gold and the Dollar had a modest rise.
Oil and gasoline continued their tumbling ways [...]
Stocks were very volatile again today, and ended down 127 points. There was no change in bonds.
Gold hit the $750 mark today, and bounced off it, ending at $788. Gold is something to buy with both fists right now.
Gasoline and Oil rebounded slightly. It’s sure nice to watch gasoline prices coming down – and frustrating [...]
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 [...]
Stocks dropped 242 points today as the financial bad news keeps building. Fannie Mae and Freddie Mac are weak. Lehman Bros is weak. Another small bank fell over the weekend. Bonds gained back all of its losses from last week as a safe haven (as interest rates fell).
Gold, the Dollar, Oil and gasoline all went [...]
Stocks see-sawed today and ended up 69 points. The major news was the Fannie/Freddie scare that they “really” need help. (Where have these idiots been all this time – of course, they need help.) Bonds reacted in their “safe haven” role and fell in interest rate.
Oil and gasoline went up slightly today, but not much [...]
Sorry to have missed yesterday’s market, but international travel does have its hiccups. However, I’m now connected.
Stocks fell for the last 2 days. The main reason is the fear of more financial meltdowns, and that fear is a real one – not just one that the market makes up to move itself. Bonds reacted correctly [...]
Trouble, trouble, boil and bubble…. That explained all the markets today, except oil which continued its downward path by losing $2.23/barrel today. Sideways is such a safe move for markets – even if it does it in a high volatility way.
In the news today….
Consumer confidence was up last month – due to the receipt of [...]
The stock market can be so much fun. Today was one of those days as stocks didn’t like the housing data and plunged 283 points. Bonds did its thing, and you should be getting used to bond and stock values going in opposite directions, as interest rates fell to just above 4%.
The Dollar and Gold [...]
Stocks jumped up 152 points today, and exhibited jubilation over the meltdown of commodity prices. Bonds continued to be a “safe haven” for the commodity money, and amazingly continued its rapid increase in value (decrease in interest rates).
Oil and gasoline have collapsed in the last 2 days (over $9), and who knows what tomorrow holds. [...]