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 dump […]
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 LOW […]
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 this price.
In […]
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 showed amazing volatility starting up several hundred points, falling to negative several hundred points, and ending up 401 points. Wow – how would you like to trade with that much volatility going on? The news wall all negative – so the action was driven by irrational thinking – not facts.
Bonds remained faithful to the […]
Stocks continued their slide downward today by shedding another 110 points. Bonds sort of made up for yesterday’s crazy rally by giving up a little value, and increasing interest rates. The Dollar went sideways except against the Yen where it lost value.
Gold gained back $17 – but, I think there will be further falls in […]
Stocks fell as the pundits thought the financial sector performance looks rather bleak. When the market sees a glimpse of the truth, it reacts correctly. Bonds fell in interest rates. Oil and gasoline rose a little, gold fell, and the dollar gains a little ground.
In the news today…..
AIG, the world’s largest insurance company announced its […]
What a great market. Everything went up today. Everyone’s a winner – or are they???
Stocks jumped 257 points, a massive jump. This was caused by great earnings numbers being reported (read the story below to get the true story).
Bonds jumped to 3.70%, and this is truly reflecting the inflation in the system. No one can […]
Stocks were calmed down by Bernanke’s comments today, and lost a little ground. Bonds also lost ground for the same reasons.
Oil and Gasoline spiked upward today with Gasoline making the big drive upwards.
Gold climbed back a little from its recent low, and ended at $900 per ounce.
In the news today…..
Bernanke made the big R statement, […]