Late report; mkt down on economics, bond sales
Posted by Don on Apr 22, 2010
At this late hour of posting, the market is down (interest rates up.) The market mover is a continuing of positive economic data. Housing came out with an increase in previously owned sales for the first time in four months, and initial applications for jobless benefits declined by 24,000. All in all, the feeling is growing that the economy is rebounding — which will (1) move money out of...
Read MoreOpened lower; stable, on Greece and Goldman.
Posted by Don on Apr 21, 2010
The market opened lower, and is expected stable, on news that largely comes out of Greece (again.) Greece is still about two weeks away from any settlement with the IMF and EU community, and may request emergency funds during that interim. All of this has the market a bit unsettled, causing some flight to bonds. On other news that could be market moving, yesterday Bank of Canada hinted at a rate...
Read MoreRates stable. News (and movement) is on stocks.
Posted by Don on Apr 20, 2010
There seems to be little news that will move the market greatly today. So expect a sidewards trend. The news on Goldman Sachs seems to be predominating, along with economic good news (good growth and low inflation numbers). Greece, thankfully, isn’t in the headlines today. Late yesterday, the bump you saw was due to money flowing out of bonds, into stocks. You notice that both had sharp...
Read MoreStable; flight to bonds, but strong resistance.
Posted by Don on Apr 19, 2010
Things are mostly stable today, with the major news as Goldman Sachs, and Greece (still.) With Iceland volcanic ash (believe it or not) keeping Greece from meeting with and finalizing their financing details with the European community, this is still leaving the market a bit unsettled, with respect to this — and flight to “safer haven” investments: bonds. In the case of Goldman...
Read MoreBulls in control (rates down) today.
Posted by Don on Apr 16, 2010
The Bond market is sharply higher (rates down) today, more as a function of news elsewhere; but the trend is strong. In part, the boost is due to a stock downturn, as the SEC charged Goldman Sachs Group, Inc. with fraud related to its subprime mortgage history. Bad news in stocks will often cause “flight to bonds.” Additionally, the Greece situation continues forefront in the market,...
Read MoreStable, on mixed news.
Posted by Don on Apr 15, 2010
The market is relatively stable, as it has been over the past few days. This time, on mixed news. (Factory output increased to an unexpectedly high 0.9%; but first time unemployment claims also rose by 24,000.) The economic reports are coming out as favorable (which means, if the economy is beginning to get its footing, the Fed will begin to look at raising rates.) On the other hand, although...
Read MoreHappy Tax Day!
Posted by Don on Apr 14, 2010
On this eve of the final due date for taxes, I thought I would post a little blog about the effect of taxes on our productivity and wealth. No, I don’t want to get into the politics of it; but as the mathematician that I am, I did an interesting exercise recently. I worked out the math for the following scenario: If you take a dollar, and double it every day, how much would you have after...
Read More
