Stocks were up slightly, but all other markets went sideways. Politics in DC gets most of the attention.
In the news today….
GMAC will lose – over $6B of YOUR money. The Treasury has invested over $17B in the company so far. A Congressional Oversight Panel said it’s about time that the public saw a clear path [...]
In the news today…..
Condo’s Fight Back – by forcing banks who hold mortgages on condos to pay the HOA fees. This is true for Housing associations too. It’s called a “reverse foreclosure.” Here’s how it works. When a Condo owner stops paying its mortgage, it generally stops paying HOA fees too. The HOA files a [...]
Stocks were flat today, but bond interest rates continues their slow climb upward.
The Dollar was flat, but oil/gasoline went up, and gold went down a little.
In the news today…..
New Home Assistance Program – is now going to start on April 6th. The program will encourage home owners who are underwater and want to get out [...]
Stocks rose to a near term high above 10,500 and bond interest rates increased slightly.
The Dollar went sideways, as did gold. But, oil and gasoline were much higher and you can now anticipate increasing gas prices.
Unemployment Rate – stayed at 9.7% for February. How did this happen? Well, the official statistics said that we lost [...]
Stocks jumped up a little today, but they are really going sideways as are all other markets.
In the news today…..
Bank Loans – are down since the crisis started – not much new there, but what are the banks doing with your deposits? Here is a graph showing the decrease in loans.
Banks are buying short term [...]
Stocks fell on the poor consumer confidence news. Bond interest rates fell on the news.
The Dollar continued its strengthening, and gold/oil/gasoline all fell in concert.
In the news today….
Consumer Confidence – hit a new recent low going back to 1983. What this means is that people are less confident in their future, and their financial [...]
Stocks went sideways today, but interest rate continued to creep up.
The Dollar gained a little, and gold fell a little, and oil/gasoline went up, and are starting to look expensive.
In the news today…..
Citibank – has told its customers that it may refuse to allow you to remove funds for 7 days whenever in the future [...]
Stocks moved sideways today, confused by the FED’s move.
Bonds increased in interest rates, and have been for the past couple of week. The bond market foresaw the FED move, and was nervous about Europe and Iran.
The Dollar went sideways as did Gold.
Oil and gasoline is pointing the way right now. Oil is nearly $80/barrel, so [...]
Stocks jumped a small amount today, and bond interest rates went up too. It’s the interest rate increase that interests me most.
The Dollar gained significantly today after losing the same amount yesterday. Gold stood still, and oil/gasoline were level also, but at a high level.
In the news today……
Short Sales to Increase – Major banks including [...]
Stocks surged again today, as Europe solves its “Greeks asking for gifts” problem. Also, Congress was snowed in, so maybe they couldn’t do damage today.
Bonds continued their rise in interest rates, and have broken a key technical barrier.
The Dollar strengthened a little today, and gold surged (contrary movement) and oil rose (contrary movement) and gasoline [...]