Stocks soared forward today setting near term highs, and bonds increased in value (lower interest rates) as the FED bought bonds on the open market.
The Dollar lost more money, and is WEAK, WEAK, WEAKER.
Gold, oil and gasoline all went sideways.
In the news today…..
FDIC Bank Guarantees – of $320B that were made when banks failed and [...]
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 rose [...]
Stocks fell today on the anticipation of poor earnings reports – ending down 186 points. Bonds went sideways.
The Dollar gained today.
Oil and gasoline are in a trench moving up and down in a narrow band. They are still in that narrow band, and therefore are moving sideways.
Gold gained $11 today, but I await a test [...]
Hurrah!!!!!! The election is here at last, and it will be all over today. Markets love certainty, and the election provided an unwanted level of uncertainty in the financial markets. My interpretation of the numbers today, is that the markets all turned today, and will be looking different in the future. But, how will the [...]
Stocks dropped again today at the end of the seession – down another 189 points. We haven’t seen this much of a sustained multi-day drop in stock prices in a very long time. Do you remember when the DOW broke on the upside each of those 7000, 8000, 9000, and then 10,000?? That happened very [...]
The market got a boost today from the “Stimulus Package” talks, and ended up 108 points.
The 10 Year Treasury took it in the shorts as the rate increased 0.21% (IN ONE DAY), ending up at 3.64%. Bond prices were just doing their normal thing as people took money out of bonds to put in the [...]
Issue: 12/19/07 Wednesday
The market was up and down and up and down today. I’m feeling seasick. We are definitely in the light volume season of trading from today all the way to the end of the year. Moves can and will be exaggerated. Bonds increased in value slightly as bond players are still trying [...]
Issue: 11/29/07 Thursday
The stock market went sideways today; resting a bit after the last hectic trading days. The Fed chief, Ben Bernanke, hinted that there will be a reduction in the Fed Funds rate in the future. Interesting that yesterday the same hint (from Federal Reserve Members) caused a stampede in [...]
Issue: 11/21/07 Wednesday
Someone up there was listening today. I said that the Dow 12,800 level must be tested, and indeed it was, falling 211 points to 12,799 today. This was caused by the same old fears. If you remember a previous article, the Dow 30 and Dow Transportations now signal a “recession” in [...]
Issue: 11/06/07 Tuesday
Today was a VERY interesting day. The DOW and the entire stock market went up (just at the end of the day), but more indicative, most currencies hit NEW HIGHES against the dollar, and Oil hit a NEW HIGH, and Gold is soaring again.
The odd man out in this picture is the [...]