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 [...]
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 [...]
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 [...]
Almost all markets went sideways today – awaiting the words of wisdom from the FED tomorrow. The currency markets picked up on the weak consumer confidence number announced today. In the news today….. Housing prices dropped 1.4% in April, or 15.3% annually as a national figure. The fall in price seems to be slowing nationally, [...]
rom Tom Harvey – author and Cyrus Uible – technical guru. Stocks moved up today, ending the week about even. Bonds, on the other hand, continued its move upward in interest rates – and this is what drove most markets today. Inflation is the word. Inflation drives interest rates up. Oil was talked down slightly, [...]
Stocks continued their decline today, dropping 101 points. This was mostly caused by concern that Lehman Bros needs to raise billions; but Lehman refuted the charge printed in the Wall St. Journal. Bonds continued their interest rate decline, ending at 3.90% – a nice gain in price. This too was driven by the Lehman Bros. [...]
There is no doubt now. This was a down week for stocks. And, and up week for oil, gasoline, gold, and non-dollar currencies. Bonds just moved sideways. Happy Memorial Day. There will not be an economyguy on Monday. In the news today…. The inventory of Unsold Homes is currently 10.7 months worth of homes. Sale [...]
After the big shake up in the last two days, all markets decided to rest a little and some took some profits. Bonds were the exception. Oil-led inflation drove interest rates up 0.10% to a near term high. In the news today…. Home prices fell 3.1% in the first quarter of 2008 on an annualized [...]
All the markets moved sideways today, except OIL which hit a new high over $117/barrel. Stocks didn’t react to the news that Bank of America had a declining profit margin. Remember that this type of news kept stocks roaring up last week, but not this week. Markets are truly irrational. In the news today…. The [...]
Stocks moved sideways again today. The month of April is generally very bullish before tax day, and very bearish after tax day. This year has been different. The market has been indifferent before tax day. What does this mean for the rest of the month? Bonds were hit hard by the Producer Price Index increase [...]
