Stocks jumped up today after FED Chairman Bernanke said our economy wouldn’t have a double dip recession. But, people continued to worry about the European situation in addition.
Bonds, the Euro, Oil and gasoline all moved sideways.
Gold hit an ALL TIME HIGH of $1252, and fell back for a slight fall from yesterday’s [...]
Stocks fell 115 points today, and confirmed the bear market trend being carved out on the charts right now. European woes are being blamed on the downward bias of US stocks – huh? Well, there is some logic to that. If Europe melts down, it will have knock on effects here at home.
Bond interest rates [...]
Stocks slumped 3% today as the worries over Europe and the joke of new jobs hit the news. Europe now overwhelms the good news in the US economy, and is driving stocks down. The overoverwhelming number of jobs were given to us from the government census project, and they will go [...]
Stocks were up most of the day, but fell dramatically at the end. Stocks are still jittery (and highly volatile) with the European scene.
Bond interest rates remain low, and the Euro went sideways today.
Gold continued its upward trend, and oil/gasoline fell slightly.
In the news today…..
Canada raised interest rates – 0.25% to 0.50%. This [...]
Happy Memorial Day. I hope you are all celebrating this special holiday and honoring the fallen soldiers who have brought the freedom that we enjoy today. Without them, we could easily be speaking German or Japanese right now.
In the news over the weekend……
Spanish Debt Downgraded – by Fitch from AAA to AA+. [...]
Stocks fell dramatically today, but gained back most of their loss. Fears of the European situation caused the fire sale, as well as North Korea tensions.
Bonds continued their downward interest rate drive – nice while you can enjoy it.
The Dollar stayed still, and oil/gasoline fell a little more.
Gold recovered most of its recent loss and [...]
Stocks were pummeled again today as European woes continued, and money flowed into the Dollar and US Bonds.
Gold recovered last week’s downfall, and is now about $1200/ounce. Oil and gasoline were steady, and at recent lows.
In the news today……
Koreas – I warned that the sinking of a South Korean frigate last month could lead to [...]
Stocks tumbled over 300 points to disturbingly low levels (read Tonight’s Dinner Conversation for the significance).
Bond prices soared, with yields falling to near term lows. These low interest rates provide an opportunity to refinance a mortgage, and also signal that something bad is happening out there.
The Euro gained back some of its loss, but this [...]
I’ve been way out of the country and have time to think about our economy. Today’s economyguy provides some more thought provoking action for you to think about in “Tonight’s Dinner Conversation.”
Stocks moved sideways today, and bonds are below 3.5%, so get your mortgage refinanced if you need to, and if [...]
What a difference a day makes!!! The DOW jumped 405 points today after the EU decided to print money.
Then all other markets fell in line. Bond interest rates rose; the Dollar fell; Gold fell; and Oil/Gasoline rose.
In the news today……
EU pumps $1 TRILLION – in the European system to stabilize the route. Last Thursday/Friday, there [...]