Issue 5-1-09
Shares went sideways today again. Kind of boring market after all that volatility over the past 6 months.
Bond interest rates continued their upward move, and this jeopardizes everything the government is working toward in terms of a recovery.
All other markets moved sideways.
In the news today…..
Manufacturing – continues to decline in both orders and shipments. Manufacturing stays in line with the rest of the economy.
Oil Drilling – as an interesting sideline, is now at half the number of oil rigs of a year ago. Naturally, the price of oil was triple what it is today, and that price has a big impact on whether or not folks drill for new wells.
Here are the last numbers for today:
Dow Jones 30 Industrial – 8212 (up 44 points)
10 Year Treasury Bond – 3.17% (up 0.05%)
Euro – $1.3264
Gold – $888 (down $3)
Oil – $52.72 (up $2.05)
Gasoline – $1.52 (up $0.05)
