Stocks moved sideways again today, ending up 41 points. Nothing too exciting there — but wait. Bonds fell in value (increased in interest rates) as the AMBAC (bond insurer) fiasco played out today. AMBAC announced it will be raising $1.5B by selling its shares. It looks like the banks reported a few days ago, won’t [...]
The Stock Market dropped big time today as the fear of a recession hit home. The DJ30 fell 316 points. That’s over 425 points in two days, BUT it is still a sideways move overall. The Bond market was the big story today. There was a “flight to quality” as people fear the recession problem, [...]
The stock market shot ahead 179 points today because of the “great” Retail Sales figures reported this morning. However, the news isn’t all that good, but that doesn’t stop market sentiment. However, this is just another “sideways” move by the market in the range of the 12,000’s. Bonds and gold moved sideways. Oil and gasoline [...]
The stock market started out higher today, and was up 125 points during the day, but ended down 65 points. Today’s market didn’t appear to be news driven – just pessimistic about the economic future of the US. Bonds moved sideways most of the day. For bonds to make a major decrease in interest rates, [...]
The stock market was the news maker today. It went down 323 points in the morning, and ended up 299 points in the afternoon. This volatility thing is getting a little out of hand. Somebody’s making a fortune on these swings. Why did the market go up at the end? It is hoping and assuming [...]
There was REAL FEAR on the trading floor of the NYSE this morning. No one knew what was coming. The futures had priced in a 500 point decline for the opening of the Dow Jones Industrials Index. The international markets had dropped precipitously on Monday, and had continued and accelerated downward today before our opening. [...]
The US markets were closed today. However, an even more ominous event took place today. ALL the other markets in the world went down, and went down BIG TIME. Each market fell between 4% and 7%. That is HUGE. Watch out for Tuesday’s US MARKET!!!!! It could be dramatic.
Stocks ended down again after yesterday blistering attack. This has been the worst stock market week of the year (that’s this year or last year), and I hope it doesn’t get worse in the future. I hope everyone can see that the Dow Jones Industrial Average is now rapidly approaching the 12,000 level. If you [...]
Stocks dropped like a rock today. The Dow Jones was down 247 points. Why??? Well, it is because everyone got nervous at the same time about the financial condition of our economy and our financial institutions in particular. Stock players are starting to think about the spillover of the consumer not buying as much in [...]
Today was a blockbuster day for market “in your face” numbers. Stocks, Gold and Oil set their own tone for records. Let’s start with the commodities – they’re easier to talk about. Gold hit $860, and thereby smashed through the $850 – ALL TIME HIGH – setting a new high for gold prices. When I [...]
