Stocks fell again today. Down 147 points. This is a little steeper than the normal sideways movement that we’ve come to expect. This could be the first leg of a downward bear market in stocks. Stock traders are taking our recession a little more seriously now, and the Dow 30 Industrial index shows it. Have [...]
Stocks moved sideways again today, ending up 41 points. Nothing too exciting there — but wait. Bonds fell in value (increased in interest rates) as the AMBAC (bond insurer) fiasco played out today. AMBAC announced it will be raising $1.5B by selling its shares. It looks like the banks reported a few days ago, won’t [...]
Most all of the markets marched in place today. No change was recorded in the stock market, the bond market, and oil and gasoline markets and the currency market. The Oil market did set a new record high of $103.90 during the day, but settled back at the close. Only the Gold market moved forward [...]
This is the way a market reacts to a recession. The Dow Jones went down 307 points today, and amazing fall. Interest rates fell, oil fell, gasoline fell, gold fell. In the news today….. The Service Sector contracted SIGNIFICANTLY in January. The ISM Index for the Service Sector was 54.5 in December, and 44.6 in [...]
The stock market started out down, but ended up 93 points. This week ended way up. But, don’t get too excited about that. This last January was the 6th worst January for an overall Dow Jones Industrial loss since 1929. There have been 9 January’s with a loss, and 7 of those January’s ended up [...]
The stock market was the news maker today. It went down 323 points in the morning, and ended up 299 points in the afternoon. This volatility thing is getting a little out of hand. Somebody’s making a fortune on these swings. Why did the market go up at the end? It is hoping and assuming [...]
Stocks ended down again after yesterday blistering attack. This has been the worst stock market week of the year (that’s this year or last year), and I hope it doesn’t get worse in the future. I hope everyone can see that the Dow Jones Industrial Average is now rapidly approaching the 12,000 level. If you [...]
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 – [...]
Stocks and bonds went sideways – I guess everyone is exhausted from the past few days of frantic activities. However, once these players catch their breath, anything can happen. Oil pulled back to about $90 a barrel – and that’s good news. If it could stay at that level, gasoline would start coming down in [...]
The stock market is so much fun to watch these days. The Dow Jones Industrial Index collapsed – down 277 points today. The reasons were the actual announcement of Citibank write-offs, and the Producer Price Index (PPI) going up 6.3% in 2007 (only a 26 year high). Traders rule, as they are making millions on [...]
