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Tag Archives: Saddam Hussein

THE BOND ROUT

An event of historic significance is unfolding before our eyes — and I’m not talking about the chase for Saddam Hussein. Prices for Treasury bonds have crashed in the last six weeks. Since mid-June, the yield on the benchmark 10-year T-note has soared almost 40%, the biggest rise in such a short period since the great bull market for bonds began in 1981.

Nothing Doing

Today was one of those days on Wall Street when almost nothing of significance happened. The major stock indexes meandered in a narrow range for the whole session, closing modestly lower. The action should pick up shortly, though. Reports from Iraq indicate that Saddam’s Republican Guard is rolling south from Baghdad toward U.S. forces. A major battle appears to be in store.

Where's the Punch?

Stock prices edged higher today, the seventh straight close in the black for the Dow and the S&P 500. That’s a nice streak — the longest for the S&P since August 2000. In all likelihood, the market has built enough momentum to carry prices somewhat higher over the next couple of weeks.

Where’s the Punch?

Stock prices edged higher today, the seventh straight close in the black for the Dow and the S&P 500. That’s a nice streak — the longest for the S&P since August 2000. In all likelihood, the market has built enough momentum to carry prices somewhat higher over the next couple of weeks.

The Last Days of Saddam Hussein

President Bush’s powerful speech last night leaves little doubt that Saddam Hussein is in his final days as ruler of Iraq. Even the timid Europeans, who normally recoil in horror when Bush delivers a hawkish message, are celebrating this morning.