Author: Bonddad

The main news today was the FOMC’s announcement on interest rates.  Here are the pertinent parts from the press release: The Committee believes that, even after this action, the stance of monetary policy remains...

DIA -.40%, SPY -.26%, QQQQ -.22% 10-Year Treasury -4/32 yielding 3.98% Oil -94 cents to $57.26/bbl Dollar +.6% versus yen/near unchanged versus euro The markets lost a bit of ground today even though the Bureau of Economic...

DIA +.99%, SPY +.85%, QQQQ +.95% 10-Year Treasury -1/2 yielding 3.97% Oil -$2.54 to $58/bbl Dollar +.85%/euro and +.6%/yen The markets reacted positively to an increase in consumer confidence which increased from 103.2 to 105.8....

The IRS actually did something good. The original purchaser of a qualifying hybrid gas-electric car may deduct $2,000 for the year the vehicle is first used, if that year is before 2006. In 2006, the deduction is scheduled to...

DIA +.09, SPY +.14, QQQQ -.46 10-Year Treasury, +5/32 yielding 3.90% Oil + 56 cents to $60.48/bbl Dollar -.5% versus Euro, up slightly versus Yen This was largely a “catch your breath day”, where traders looked for...