Here are the closing statistics for our key indicators: DJ30 – 12,377 up 57 US Treasury 10 Year Bond – 3.44% down 0.04% USDEUR - 1.4225 - a weaker Dollar Gold – $1428 down $10 Oil – $108.14 up $1.42 – a recent HIGH – very dangerous for our economy!!!!!! Gasoline $3.15 up $0.04 Interest [...]
In the news today….. Unemployment is 9.0% – Really?? How does the unemployment rate drop from 9.4% to 9.0%, but the employment market only gains 36,000 jobs? The answer is very easy if you look past the headline. The number of people in the “unemployment pool” fell from 15 million to 13.9 million people. In [...]
All the markets moved sideways today, except bonds which lost value (increased interest rates) as the economic situation continues to deteriorate. In the news today….. Private Employers – laid off 371,000 workers in July. This was down from 463,000 in June. If you listen carefully to the news media, you would think this was a [...]
Stocks soared on the news of manufacturing data. (It was down, but stocks went up). Bond interest rates soared too. The Dollar lost 2 cents – a massive move, and portends inflation. Oil and gasoline rose significantly – you can now bet that gasoline will be rising at the pump. Go fill up now. Gold [...]
Stocks soared today on great earnings from Intel. The herd took that as a sign of our economic recovery – it’s not. Bonds lost lots of value, increasing interest rates up 0.25% in two days. Here come the higher interest rates again. Think inflation worries. The Dollar lost a lot of value today, after moving [...]
Stocks, the Dollar, Gold, Oil and gasoline all moved sideways today – very boring. Bonds got scared by the PPI, and increased interest rates – bad news for us all. However, the scare of inflation remains even thought the argument of deflation versus inflation rages. In the news today…. Retails Sales – rose in June [...]
The unemployment rate hit stocks very hard today, with the Dow down 223 points. Bonds gained (lower interest rate), but not much today given stocks big movement. The Dollar gained back its 1 cent move down yesterday. Gold continued its seesaw movement going down $10 today. Oil and gasoline were the other big movers – [...]
Stocks fell today, but only 82 points. Bonds moved sideways, as did the Dollar. Gold fell $13. Oil and gasoline fell also, below $70/barrel. In the news today….. Consumer Confidence – fell last month. But, this is a flaky statistic, so I would ignore it. Stocks thought it was terrible, so the stock market fell [...]
Everything went sideways today, with stocks showing an upward bias most of the day. Bonds were the single thing that jumped. The 10 Year Treasury interest rate increased by 0.19% – and enormous increase. In the news today….. Inflation – if you are interested in seeing the cause of inflation, and what’s coming toward us, [...]
Stocks moved sideways mostly today, but ended up just over 8000. This was in the face of a very bad unemployment report. Stocks are irrational, and this is proof. This has been the best stock rally since 1933. I might add that the Great Depression continued through 1939, so even if this is following the [...]
