This is a two day economyguy.
Stocks finished the week with the best gains in a long time. Everything is rosy and everyone thinks the rally will go on forever. In reality this is just a bear market correction, and will trap some happy bull thinkers.
Bonds moved sideways both days.
The dollar moved sideways too with a [...]
Stocks went sideways today, but spent most of the day testing its recent lows. Bonds continued to be a “safe haven” for money, with interest rates declining. The Dollar went sideways.
Oil and gasoline both fell. Oil a lot, and gasoline just one cent. Oil is testing its lows, and gasoline is 35% higher than its [...]
Stocks spent most of the day going back and forth deciding if the future was as bleak as it looks – and it is. However, the market will decide more of that tomorrow. Bonds went sideways.
The Dollar gained against the Euro, but not anything else, as markets are betting the Euro countries will be reducing [...]