Here are the closing statistics for our key indicators (10/5/11): DJ30 – 10.940 up 141 US Treasury 10 Year Bond – 1.91% up 0.12% USDEUR - 1.3347 Gold – $1640 up $25 Oil – $79.76 up $4.09 Gold went down to $1600 twice yesterday, and has confirmed that price level as a true support for [...]
Here are the closing statistics for our key indicators (7/19/11): DJ30 – 12,587 up 202 US Treasury 10 Year Bond – 2.89% down 0.02% USDEUR - 1.4140 Gold – $1587 down $17 Oil – $97.71 up $1.78 Stocks climbed today on some good earnings – and its ability to see the European stock markets melting. [...]
$38B Budget Reduction????? $38B – that is the amount of the current year’s money that the Republicans in charge of Congress will put forward to cut. This is the topic of today’s economyguy, and if it is “fair,” and what you can do about it, and what is actually going on in Congress. Is it [...]
Thinking the Unthinkable…… Today’s economyguy is devoted to thinking the unthinkable. It’s unthinkable at least as far as I have been taught. Sometime in April the US Government will have spend so much money that it’s debt will be hitting up against the “debt ceiling” created by Congress. Congress created it to have a mechanism [...]
Stocks went up a little today on the retail sales news. Bond interest rates increased at the same time – continuing their sideways trough move. The Dollar strengthened another cent against the Euro. This had the effect of reducing the price of gold, and reducing the price of oil/gasoline. Gold is now approaching my first [...]
Stock were bouncing around – more volatility and I love it. However, everything went sideways – a typical Friday. Gold recovered its recent downdraft of profit taking. In the news today….. Europe’s GDP – rose to PLUS 0.4% this past quarter. This means that Europe is growing right now, but at a very slow pace. [...]
Stocks jumped up 175 points on decent earnings news from a few companies. Bonds gained (lowered interest rate) slightly. The Dollar and Gold moved sideways with gold gaining just a little – nice to have higher gold prices. Oil and gasoline both rose. Have you noticed the generally upward motion of oil (and gasoline)??? The [...]
Stocks gave up a little of its gain from Monday; down 116 points. Bonds went sideways, but the Dollar strengthened – gaining back some its recent losses. Oil and gasoline went sideways, and is establishing a new base to rise from – watch out. Gold lost half of its recent gain. It should be interesting [...]
Stocks crumbled again today hitting new recent lows. The Dow went down 281 points today. Bonds were a safe haven play, so interest rates fell significantly. The Dollar gained a small amount as England and Europe (ECB) dropped their interest rates, making the dollar more favorable as an investment. In addition, the dollar is currently [...]
Stocks finally went up today, based on news that China is considering it’s own stimulus package. If you believe a rumor like that would move the market, I have bridge to sell to you. Bonds increased in interest rates again, and this is much more dangerous to the future economy than where the stock market [...]
