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  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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« Bond Market Still on the Fence | Main | Oil Gets Walloped »

November 16, 2023

Stocks and Bonds On the Fence, Oil Walloped Again

11/16/2023

Crude oil was taken down again today over $2. If the two wars widen this will not last otherwise the trend in oil price is down.

The chart post function is not working in typepad so sorry no charts today.

DJIA remains about  750 points below the July high which we still think is significant. The major indexes are in retreat today.

Bond prices  from March  20245 are  115 12. We really need a weekly close over 115.16-116 to be more confident a bottom in price has been seen.

I have a endodontic apointment this afternoon so may be out of commission the next few days

 

 

Posted at 12:58 PM in Bonds, Energy, Stock Market |

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