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 […]
Issue: 10/26/07 Friday
The week ended on high note if you’re in stock, but in a low note if you’re an American. The Dow ended up 135 points, but the Euro hit a new high, and so did oil and gold.
Here’s what happened to the Euro.
The dollar skidded to fresh record lows on speculation that U.S. […]
Issue: 10/19/07 Friday
By Global Economy Guru, Tom Harvey…
I hope you didn’t blink today because the stock market was the story today. It went down 367 points. Why did it do that?? Well, it’s because the majority of players in the stock market finally learned the “R” word. They got scared because […]
Issue: 10/18/07 Thursday
By Global Economy Guru, Tom Harvey…
The market kind of went sideways today again. The big movers today were the bond market, oil and the Euro. The 10 year bond reduced in interest rate to 4.50%; Oil set a new high of $89.47; and the Euro ended at $1.4298.
Eisuke Sakakibara, formerly Japan’s […]