Stocks soared today – all at the end of the day – after dropping several hundred points in the first half of trading – ending up 552 points. Bonds foretold the stock movement and was losing value (increasing interest rates) during the entire day – but especially during the massive stock run up. The Dollar […]
Stocks were buoyant and ended up 248 points. This – in spite of the news on unemployment.
Bonds didn’t like the amount of new Treasuries coming onto the market in the future, and dropped in price – increased in interest rates.
The Dollar, Gold, Oil and gasoline all moved sideways – hard to believe.
In the news today…..
The […]
Stocks, Bonds and the Dollar all went sideways today.
Oil and gasoline dropped, but I bet you still don’t see gasoline prices below $3 at the pump yet. It should be soon, if the futures price of gasoline is passed onto the buyer.
Gold stayed steady today. That great opportunity to buy could be around the corner. […]
The stock market went up today based on reassuring words from Ben Bernanke and rumors that Bank of America is courting Countrywide. But, that’s not the whole story. Gold hit another all time high of $894 (just shy of $900), and bond interest rates soared too.
Why bonds? Well, they naturally go in the opposite direction […]