Stocks and bonds went sideways today – nothing much to talk about.
The Dollar strengthened slightly today – the bias is important – strengthening.
Gold, oil and gasoline all fell in price today. Oil was significant because it fell below its sideways trading range, so is settling into more recent lows.
In the news today….
Bank of International Settlement [...]
Stocks jumped again today, up 47 points. Bonds lost value, and increased interest rates a small amount. The Dollar continues to lose value today against the Euro. Gold fell $14 – I guess nothing can go up continuously forever.
Oil and gasoline are the elephant in the living room. Their massive increase in cost if it [...]
Stocks soared on the news of manufacturing data. (It was down, but stocks went up). Bond interest rates soared too.
The Dollar lost 2 cents – a massive move, and portends inflation.
Oil and gasoline rose significantly – you can now bet that gasoline will be rising at the pump. Go fill up now.
Gold rose [...]
Stocks moved sideways today – not a ringing endorsement of the President’s Mortgage Rescue plan. Bonds gave up value (increased in interest rates again.)
The Dollar strengthened again on Euro weakness.
Oil and gasoline both gave up ground again today. Great for us as consumers. Let’s hope it continues in a downward direction – but this would [...]
Stocks rose today, but in reality stocks are in a sideways trading range. Bonds went sideways too.
The Euro fell as the inflationary future of Europe is worried about.
Oil and gasoline went up slightly.
Gold regained a little more of its recent loss.
Stock Market Prediction….
At the end of last year I predicted that stocks would go down [...]