Issue 01-21-09
Stocks soared today, but there was no news to push them – just optimism.
Bonds gave up a large amount of value (increased interest rates) as there is significant worry before tomorrow’s auctions of new Treasury Bonds. The extra large supply of these bonds is weighing on the bond market.
The Dollar and Gold went sideways.
Oil and gasoline went up – so if this trend continues watch out for higher energy prices across the board.
In the news today…..
None
Here are Today’s numbers:
Dow Jones 30 Industrial – 8228 (up 279 points)
10 Year Treasury Bond – 2.52% (up 0.18%)
Euro – $1.3034
Gold – $850 (down $5)
Oil – $43.55 (up $2.71)
Gasoline – $1.17 (up $0.03)
