Hold Onto Your Seat
The stock market surged during the last hour of trading today with the Dow up 146 points. There wasn’t anything that happened in the news or economically to move the market, so rumor and emotion did its best to replace hard knowledge.
Bond interest rates fell again with the 10 Year Bond currently sitting at 3.79%. This is a great indicator that the Feds will lower the Fed Funds rate by 0.25% (or more according to some players). There is enough recessionary indicators already out there to allow the Fed to lower rates later this month. My prediction is a decrease of only 0.25%.
Gold hit another new HIGH.
The dollar is in a sideways trading range right now, and will come out to play within the next week – probably.
Tomorrow will be full of intrigue and excitement, so hold onto your seat.
Notice: January is the month we will be having a tele-seminar on “The Great Depressions – and its Affects on Today’s Markets”. We’ll announce the date/time in an upcoming newsletter. Don’t miss this exciting chance to put all this craziness into perspective. Also, don’t miss the chance to ask all the questions you’ve been wanting to ask during this phone call!
Here are today’s closing numbers.
Dow Jones 30 Industrials - 12,735 (Up 146 points)
10 Year Treasury Bond - 3.79% (Down 0.05%)
Euro - $1.4659
Gold $882 (Up $1) - another NEW HIGH
Oil $95.67 (Down $0.66)
Gasoline $2.44 (Down $0.04)
