Happy Valentines Day
Happy Valentine’s Day
Stocks today moved all over the place, and ended down 82 points – closer to the support level of 7800.
Bonds and Gold both gave up some of their recent “safe haven” gains as people took their gains before the weekend.
The Dollar moved sideways again.
Oil moved up a lot as people again took profits from the recent downdraft in oil prices. Gasoline was all mixed up as usual.
In the news today…..
The House passed the Stimulus Package bill. The total partisan vote was all Democrats (yes), all Republicans (no). The Senate should pass the bill later today. This will give President Obama $782B in spending and tax savings.
Here are the last numbers:
Dow Jones 30 Industrial – 7850 (down 82 points)
10 Year Treasury Bond – 2.88% (up 0.16%)
Euro – $1.2873
Gold – $942 (down $7)
Oil – $37.51 (up $3.53)
Gasoline – $1.21 (down $0.05) – a slight reversal in the oil/gas ratio.
