Stocks went up a little today on the retail sales news. Bond interest rates increased at the same time – continuing their sideways trough move.
The Dollar strengthened another cent against the Euro. This had the effect of reducing the price of gold, and reducing the price of oil/gasoline.
Gold is now approaching my first buy position [...]
Stocks fell today on the poor economic news, and poor earnings continuing to come out – ending down 138 points. President Obama tried to talk the market up, but couldn’t overcome reality with his optimistic words.
Bonds gained again – their normal cycle in a down stock market.
The Dollar, oil/gasoline and gold all went sideways today.
In [...]
Stocks tumbled 248 points today as the retail sales numbers hit home. The picture is very glum for the economy and stock projections are reflecting them. We might have a rebound sometime soon, but I anticipate we will break below 8000 soon also.
Bonds continued their increase in value (decrease in interest rates). The dollar went [...]