Here are the closing statistics for our key indicators: DJ30 – 12,290 down 280 US Treasury 10 Year Bond – 2.97% down 0.08% USDEUR - 1.4328 Gold – $1541 up $5 Oil – $99.72 down $0.52 Stocks were trashed today. The Great Car Trip…… Is going well. I have a strong hint for anyone who [...]
All the markets moved sideways today, except bonds which lost value (increased interest rates) as the economic situation continues to deteriorate. In the news today….. Private Employers – laid off 371,000 workers in July. This was down from 463,000 in June. If you listen carefully to the news media, you would think this was a [...]
Stocks spent the whole day way up, but gave up over half of its gain at the end of the day, ending up 87 points. This was the best month in stocks in a very long time. Bonds moved sideways. The Dollar lost some ground today. Oil and gasoline gained a little. Gold gained $7 [...]
Stocks rebounded in the face of the bad consumer confidence and housing price numbers. However, this is the most optimistic time of the year as far as stocks are concerned – so enjoy it. In reality, stocks have been going sideways over the past 2 to 3 months – but with high volatility. All other [...]
Stocks fell today – kind of a see-saw going on the last couple of days – falling 215 points. Bonds continued their dramatic rise – a decrease in interest rates. Most bond players think that the bond market is set for some sort of correction soon as there has been a truly dramatic, dramatic rise [...]
Stocks tumbled today after last week’s record setting gains – the greatest since 1932. Today, stocks gave back half of those gains in one day. The confirmation of the recession today gave impetus that it’s real folks – not just news people talking up the negatives of the economy. Bonds soared today with the 10 [...]
Stocks were up BIG this morning, but spent the entire day going down – and ending down 74 points. Why was it up BIG? The Chinese have announced a $586B stimulus package for their economy. The Chinese are scared to death that it won’t be creating as many jobs in the future as it has [...]
Two BIG DOWN DAYs for stocks. Today the market was down 443 points. Stocks are pointing to the bad effect that the recession is having on the valuation of companies. The future is not too bright either. Bonds moved sideways, but the Dollar strengthened as Hedge Funds are being caught off guard and must [...]
Most markets were sideways today – awaiting the election. Stocks were no exception ending down 5 points. Bonds made a slight gain in price – with lowering interest rates. Gold and the Dollar were both slightly up. Oil, on the other hand, made a large dip in price – and gasoline made a near term [...]
Stocks moved upwards – by 190 points today. Not much sanity in the market – so I think there will be some surprises soon in the market. Bonds continued their climb in interest rates. The Dollar moved sideways. Gold, oil and gasoline all fell in price today. Gold continues to be a fantastic buy at [...]
