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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Stocks fell again yesterday as consumer spending has fallen off. Bonds gained (and interest rates fell) for the same reason. Gold and oil fell back a little yesterday, and the Dollar moved sideways. Basically, the markets were predictable, and boring. In the news yesterday….. Consumer Spending was up 0.1% in February. When you adjust for [...]
Stocks fell on the fear of falling housing prices, and poor economic data. Bonds went no where. The Euro is poised to test its all time high tomorrow. The Dollar continues to amaze me with its rapid fall. Oil lit on fire today as there was a very poor inventory numbers reported, and the dollar [...]
Stocks bounced straight up today, closing up 187 points. This was because JP Morgan decided it could pay more for Bear Stearns; rather than $2/share, they could pay $10/share. My discussion of this purchase showed that $10/share is still probably a fair price. Where are the ruthless people on Wall St? The FED didn’t like [...]
Stock dropped dramatically at the opening of the market today, and swept upward throughout the day to end up 35 points. Why? You ask? Well, S&P came out today and said that all those financial institutions are near the end of their liquidity write downs. Do you believe that? Well, the market did. I don’t. [...]
