Everything moved sideways today. Stocks were up and down and ended up 48 points.
Bonds were the only market which ended significantly higher (lower interest rates) as people worried about the economy (see articles below.) Remember that the bond market is much more sober and realistic as a market compared to the stock market, or commodities.
In [...]
Stocks finished the week going down today as traders took their profits from the previous gains. The market ended down 148 points.
Bonds moved sideways.
The Dollar significantly strengthened, and is now at the level where it was prior to the FED announcement that it will buy long term Treasuries.
Oil and gasoline both gave up some of [...]
Stocks fell as much as 200 points today, and ended down 100 points. We are seeing a meltdown of stocks as people are just full of frustration about the future, and the government’s lack of a “for sure” plan to fix this mess.
Bonds were a safe haven again today, as value increased (interest rates fell).
The [...]
Stocks tried to rally this morning, but the general consensus of the President’s Mortgage Relief Plan is that it stinks. So, the market went down, down down. It ended down 90 – not much right?? Well, here’s the problem. Three months ago we had a low of 7552. Today, the market closed at 7465 – [...]
Merry Christmas to all the EconomyGuy readers. Enjoy this season with your loved ones.
There won’t be an economyguy tomorrow, as I will be traveling and the market trading is very light.
All markets went sideways today, and will probably continue for the rest of the week during those days when the markets are open.
Gasoline fell below [...]
Stocks soared today – all at the end of the day – after dropping several hundred points in the first half of trading – ending up 552 points. Bonds foretold the stock movement and was losing value (increasing interest rates) during the entire day – but especially during the massive stock run up. The Dollar [...]
Stocks were scared about the bad earnings and financial meltdown continuing – worry about the government bailout working or not working. Shares ended down 177 points today. Bonds went sideways today.
The Dollar strengthened, and gold fell.
Oil and gasoline fell to new recent lows, and this means cheaper gasoline coming down the pike to us all.
In [...]
Stocks moved multiple hundred points up and down today, awaiting the FED announcement on a rate cut. Once that announcement was made, stocks fell like a stone, ending down just 74 points – basically a sideways move day (with volatility).
Bonds continued their upward trend in interest rates.
The Dollar lost more ground, and Gold gained some [...]
I was amazed today with the stock market. I’m sure this is a record of some sort, but I haven’t read that so far. The Dow was up 889 points – over 10% in one day. People just thought the market was oversold and there were too many bargains out there. BUT – they waited [...]