Stocks moved sideways today – not a ringing endorsement of the President’s Mortgage Rescue plan. Bonds gave up value (increased in interest rates again.) The Dollar strengthened again on Euro weakness. Oil and gasoline both gave up ground again today. Great for us as consumers. Let’s hope it continues in a downward direction – but [...]
Stocks spent most of the day in negative territory, then recovered, and retreated – ending down 105 points. The economy continues to dominate the thought in stocks with Microsoft announcing layoffs for the first time. Bonds continued to lose ground (increase interest rates) – and this is hitting mortgage rates hard right now. The Dollar, [...]
Stocks went down 143 points today on the news of the unemployment rate. Bonds continued their slow decrease in interest rates. The Dollar strengthened significantly – showing the strength of the currency futures market on currencies today – it is astounding to watch and see. Gold went sideways. Oil went down, and gasoline went up [...]
Stocks fell today as the auto industry bailout stalled in Congress. Bonds sort of went sideways. The big mover today was a massive fall in the value of the Dollar against everything except the Yen. The traders are beginning to believe that the Dollars are being printed too many, too fast, and it will reflect [...]
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 [...]
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 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 [...]
