http://www.economyguy.com Economic News For Everybody....by Tom Harvey and Cyrus Uible Mon, 06 Oct 2008 22:45:15 +0000 http://backend.userland.com/rss092 en  Stocks fell like a hammer blow as US stocks followed the rest of the world stock markets down.  Confidence has not increased since Congress passed the bailout – I guess there must be more to bail out. Bonds were the “safe haven.”  All international monies moved to the US and bought ... http://www.economyguy.com/fear-rules-the-day/  Stocks acted rationally today.  They were up on hopes the bill would be passed by Congress, and when it did pass, it fell like a rock – reality had set in – this bailout may not work, and the markets won’t be able to tell for several weeks.  This causes ... http://www.economyguy.com/uncertainty-is-the-norm/  Stocks fell today – because the Senate passed the bill last night?? - no, because the House might not pass the bill tomorrow.  The stock market is schizo, and almost anything will make it go up or down.  Today it was down – 348 points. Bonds continue to rally as the ... http://www.economyguy.com/will-it-help/  Stocks moved sideways today waiting for the Congress to act – I guess stocks are just tired of moving so far, so fast. Bonds are still a place for “safe haven” money.  People who are nervous of having their money in stocks can purchase treasuries or money market funds, and know ... http://www.economyguy.com/possible-values-in-the-marketplace/  Stocks roared up today on the idea that Congress will pass the bailout; and rose 485 points. Basically all the other market unwound part of the gains/losses they made yesterday. In the news today.... Congress is talking about having a new bill drafted for the bailout.  The people who voted against the bill ... http://www.economyguy.com/fdic-could-raise-limits/  Stocks set a record DOWN today when Congress rejected the $700B bailout plan, going down 778 points.  Bonds were a safe haven with reducing interest rates – and bonds are a clear winner too.  Bonds are betting the FED will reduce the Fed Funds Rate next month. The Dollar went sideways ... http://www.economyguy.com/record-down-day/  Stocks started out down this morning, spent most of the day about even, and ended up 121 points.  There was very light volume in stocks today, so it’s best to ignore today as being significant. All the other markets went sideways. In the news today.... The news coming out of the talking heads ... http://www.economyguy.com/weekend-bailout/  Stocks were up today.  They were up at the closing bell because all the statements coming out of Congress were positive – “a deal is very close.”  After the closing bell, it all fell apart inside the Oval Office – or at least the truth came out. Tomorrow is easy to ... http://www.economyguy.com/unfettered-power/  All markets moved sideways today waiting with baited breath to see what’s going to happen with the bailout. In the news today.... The main news today was that Congress rejected the Paulson/Bernanke $700B bailout plan.  Sen. McCain stopped his campaign to work on the bailout exclusively – even cancelling Friday’s debate.  Sen. ... http://www.economyguy.com/congress-rejects-bailout-plan/  Stocks fell again today after trying to figure out what everyone was saying about the bailout – falling another 162 points.  Bonds were flat today. Oil, gasoline, gold and the Dollar just gave up a small amount of their recent gains/losses – so not much news there today. In the news today..... The ... http://www.economyguy.com/buffet-jumps-in/