The stock market moved sideways most of today, but ended with a giant surge at the end – moving up 494 points.
Bonds, the Dollar, Oil and gasoline all moved sideways today.
Gold decided to surge today – moving up $43/ounce. I was surprised this breakout took place today, but I’m not complaining. Gold traded over $800/ounce […]
Stocks saw some frankensteins out there and got scared. The market started up, fell way down, clawed its way back to positive territory, and fell off – closing 338 points down. Bonds corrected its interest rates from yesterday’s rise – falling back half way – just like the stocks – interesting – might be a […]
Stocks moved sideways today waiting for the Congress to act – I guess stocks are just tired of moving so far, so fast.
Bonds are still a place for “safe haven” money. People who are nervous of having their money in stocks can purchase treasuries or money market funds, and know they’ll be getting interest, with […]
Here is a SUNDAY SPECIAL of economyguy – today is a VERY interesting day in the economy.
Lehman Bros is about to go bankrupt – and I’m writing this before it happens. If it doesn’t happen, then the pain continues as it has in the past weeks for the financial sector of stocks and the stock […]
I had the following question from one of the EconomyGuy readers, and I thought it was such a good question that I would spread my answers to the entire EconomyGuy readership.
The question was “What predictions do I have for the next six months?”
Here’s what I see:
A recession
Another BIG bank/brokerage company going under.
A lot […]
I am giving these number about 30 minutes before the close of the market. They may change some, but not much.
Stocks fell today down 140 points (or more by the close) as the financial institutions AGAIN seemed weaker than expected. Bond interest rates fell in sympathy as expected in these circumstances.
Oil, gasoline and Gold fell […]
Stocks started out falling, then made steam on the positive side, and spent the rest of the day in a massive meltdown, down 237 points – wiping out yesterday’s large gains. Why would stocks act to strangely? Well, today stocks are anticipating the profit declarations coming out starting tomorrow, and are anticipating that companies just […]
Stocks took their lead from Microsoft’s failure to purchase Yahoo. The market was down all day, and ended down 89 points.
Bonds did not change an iota. They still think inflation is coming.
The Dollar weakened a little today, but we’ll really have to wait until later this week to see if the dollar is going up […]
All markets moved sideways today. Oil continues its move toward $100 again. Generally, today was a pretty boring day.
In the news today….
Industrial Output was up 0.1% in January over December. This is the same as December, and fairly poor movement. Just another confirmation of a potential recession.
Alan Greenspan said that we were “on the edge […]
Stocks went up (133 points) and bonds values went down (increased interest rate = 0.06%) due to Warren Buffet coming into a key place in the economic market today.
Let’s look at this big news story.
Warren Buffet announced he was willing to back the faltering bond insurers (like AMBAC, MBIA, and Financial Guarantee Insurance) as a […]