It is becoming quite clear that the inmates are running the asylum. The outgoing administration is showing signs of panicking and the incoming administration is licking its chops and dying to get in their and exploit the financial crisis to their advantage. The inmates are running the asylum, if not now, they will be after January 20th! This morning the DOW is trading down 108 [...]
I thought that on this New Year’s Eve we should take a sampling of what the feelings are about the past year’s action, gold, the economy and the future. First let’s take a look at what markets are up to on this New Year’s Eve morning. The DOW is up 22 at 8,690, the NAS up 8 at 1,559 and gold is down $16.50 at [...]
As we enter the Christmas week I would expect the markets to be relatively calm as a majority of traders have packed their bags and gone on holiday until after New Year. That being said, I would also expect the possibility of some devastating economic news being released while the traders are gone in an attempt to slide it under the rug while no one [...]
The markets are taking a break from the last two days 400 plus sell offs. The DOW is up 92 at 7,644, the NAS is up 11.60 to 1,327 and gold is staging a mini surge of it’s own up $39.50 to $784.00. All of this action must be taken with a grain of salt because it is still early in the day and we [...]
At the time of this writing we have the Dow down 284 at 7,998, the NAS at down 61 at 1,437 and 24 hr gold down $5.30 at $704.00. Let’s do a quick review of the markets. More bad news on the unemployment front, more confusion on the direction and effectiveness of the bailout and increasing lack of confidence in the ability of the Government [...]
The DOW is down 176 to 8693, the NAS down 35 to 1580 and 24 hr gold is down 13.30 to $731.40. Gold is still in 720 to 750 trading range, but sliding toward the lower end. Yesterday the market was loving the Chinese stimulation package and today the market feels that it will not be enough to slow the global economic slowdown. What a [...]
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