Stocks fell as the pundits thought the financial sector performance looks rather bleak. When the market sees a glimpse of the truth, it reacts correctly. Bonds fell in interest rates. Oil and gasoline rose a little, gold fell, and the dollar gains a little ground. In the news today….. AIG, the world’s largest insurance company [...]
Stocks made a very fast, very steady increase in values today, ending up 277 points. Everything is right in the garden. Oh so you think. Bonds crashed today as interest rates increased, as inflation raised its ugly head in an unmistakable, and real way. Oil and gasoline continued their fall, and encouraged stocks to continue [...]
Stocks started out with a big implosion with the Dow working its way down over 100 points, but ended up 32 points. This is another example of a sideways move. There was no news today to move markets – just a big nervousness about the price of oil and fear that jobs are drying up [...]
From Tom Harvey – author and Cyrus Uible – technical guru. Don’t let anyone tell you that volatility is leaving the market, and things are settling down to the “good old days” of calm markets. Volatility is alive and well. Today’s moves were in the bond market and the Dollar market. While stocks moved sideways, [...]
The markets were where the action was today. Here the market story. ECB Chairman Trichet said today that he was really worried about inflation, and it might be necessary to raise interest rates this year. (When Euro rates go up, and US rates stay the same – the likely situation – then it’s better to [...]
Stocks moved absolutely sideways today, as well as the entire week. 10 Year Treasury Bonds gained a small amount of interest rate back, ending still over 4% at 4.05%. However, this week showed that 4% 10 year bonds are here now – so get used to it. Mortgage rates have already started their inevitable upward [...]
Stocks moved mostly sideways today as FED Chairman Bernanke continued his Congressional testimony. Bonds also lingered, and hardly moved anywhere. Gold was the biggest mover, but only moved up $10 to $910 an ounce. The Dollar moved sideways, as oil and gasoline slipped back just a little after yesterday’s massive jump in price. [...]
Stocks fell again today, to insure that the market is just going sideways. Actually, it was the poor 4th quarter GDP numbers that depressed the market. Bonds went no where today. The dollar got a little strength, and didn’t try to make a new high as I had predicted yesterday. Oh well, predictions are tough. [...]
Happy Easter Weekend. Unless something spectacular happens tomorrow, I won’t be writing an EconomyGuy on Friday. Stocks climbed consistently today, ending up 262 points. Bonds held onto their recent gains, and even extended them with the 10 Year Treasury interest rate declining to 3.33%. This continues to be a sign of fear in the credit [...]
World stock markets were rocked by the Bear Sterns collapse. The US market started out down, went way up, and ended just a little up at 21 points. The Bond market showed what people were really thinking. The 10 Year Treasury hit 3.31% at the close – a massive fall in interest rates. Everyone is [...]
