All the markets went sideways today, except gold which moved up well today.
In the news today…..
New Home Sales – dropped to the lowest level EVER. That is the number of homes sold in July was less than in 1963. Imagine that. After yesterday’s existing home sales disaster, today’s new home sales disaster just emphasizes the [...]
In the news today…..
Existing Home Sales FALL 27% in July – from the previous month and this is a 15 year low in sales of existing homes. This is far worse than anyone expected, and shows how many homes were purchased because of the government’s tax credit incentive that is now over. Why are the [...]
Stocks are confused, and looking for direction. You see some big days up, and some big days down. See article below for where I think stocks are heading.
Bonds, on the other hand, are definitely heading up in value (down in interest rates). The FED is buying US Treasuries, and that is driving the price down. [...]
Stocks fell a little more after yesterday’s massacre against stocks. All this caused by a worsening economy. Bond interest rates fell again.
The Euro fell significantly today after yesterday fall.
Oil/gasoline fell back into a better area, so we can now cancel any projected gasoline price hikes. If the price continues to fall (based on the prediction [...]
All markets moved sideways today – nothing to move markets today….
In the news today……
Food Stamps – are being used by 40.8M Americans. This number is projected to rise to 43.3M next year. Now let’s think about this number for just a minute. The number of people using food stamps is over 13% of all Americans, [...]
After yesterday’s dramatic uptick in stocks, they went sideways today. Interest rates continue to trend downward. Gold is trending upward.
The Euro is gaining against the Dollar as it has risen 14 cents from the recent Euro low.
Oil and gasoline have broken out of their trading range to the upside, and this can be interpreted that [...]
Stocks moved sideways along with the Euro, oil/gasoline.
Bonds moved up quite a bit today, as interest rates for the 10 Year Treasury Bond fell 0.1%
Gold had a technical rebound from recent lows.
In the news today…..
Real Estate Tax in Healthcare Bill – yes, there is a new real estate tax in the new Obamacare law. It [...]
Stocks, the Euro, oil/gasoline all moved sideways today.
Bonds fell with an increase in interest rates.
Gold fell and hit $1180 for the third time in the last two weeks, and is now a cautious buy for those of you who are thinking of buying some more gold.
In the news today……
Consumer Sentiment – fell to one of [...]
Stocks blasted forward by 2% on optimism in the stock market. The Euro, gold, and bonds went sideways.
Oil and gasoline jumped up as traders decided that oil was just too cheap.
In the news today……
Mortgage Rates HIT RECORD LOW – according to Freddie. A 30 year mortgage is now 4.56%, the lowest since 1971. A 15 [...]
Stocks fell today on Ben Bernanke’s testimony to Congress – he wasn’t optimistic at all. Interest rates fell in sympathy. All other markets went sideways except the Euro which fell today.
In the news today…..
Taxpayers sink another $700B – of aid into financial system. Taxpayer support for the financial system increased [...]