Stocks and bonds moved sideways today, recuperating from yesterday’s big move up. All the futures markets jumped up again. The Euro tacked on over 2 cents, oil pushed up a little, and gold jumped up $16, starting their way to new highs. In the news today…. US home prices nationwide dropped 11.4% from January [...]
Stocks jumped up again today by 115 points. A nice jump. While the economic news should cause the market to collapse, the pundits decided that because IBM was going to buy more of its own stock back, this was a good sign for everyone. Bonds gained a little in contrast to the stock market. The [...]
A very boring day in the market unless you were a trader. The market was negative almost the entire day, and in the last few minutes, it climbed to a positive 91 points. Another sideways week in stocks. Everything else moved sideways too, as this was a breather day for trading across the board. In [...]
Stocks opened down, and went steadily upward all day ending up 177 points. This is the exact opposite action that happened last Friday. It looks like we are in the “big sideways” move by the stock market. The market certainly didn’t go up because of the poor housing data. It went up on the “hope” [...]
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 [...]
Well, the Fed Chairman spoke today, and the stock market reacted correctly. It fell 307 points. It’s really going down now. Bonds reacted correctly too, setting a new high in price = a new low in rate. Everything else went sideways, but they all will have their day. It’s just today wasn’t the day – [...]
The stock market started on the upside this morning, but leveled off, turned soft, and then plunged in the last few hours – with the Dow Jones 30 slipping 238 points. This is VERY bad news for the pundits who think that the beginning of each year portends the remainder of the year. Statistically speaking [...]
Special Report – The Bush Plan – 12/09/07 (Or how politicians can scare us and the markets.) Here is the first (hopefully of many) Special Report from the EconomyGuy. The topic this time is President Bush’s Plan to maintain current interest rates on sub-prime mortgages. There is so much to say about this topic that [...]
Issue: 11/30/07 Friday Another non event day in the stock market, and most other markets too. Oil is now at $88.71 per barrel, and that’s great news for all consumers around the world if the price can continue to fall. It is falling because the risk premium that oil traders have bid into past prices [...]
The stock market went rocketing up this morning, then fell like a rock this afternoon. What made the difference? The Fed Meeting Minutes. How could some dusty ole minutes from October’s meeting cause that fall? Well, the Fed stated that the last Fed Funds rate reduction was a close vote (in fact there was one [...]
