This is the Weekly Investment & Finance Thread (August-2013 5-9 edition)---- Trying to focus on the markets for today and each day and the economic news
This is where you can exchange some investment opinions and advice
Posted on 08/05/2013 3:55:38 AM PDT by expat_panama
This is the Weekly Investment & Finance Thread (August-2013 5-9 edition)----
Trying to focus on the markets for today and each day and the economic news
This is where you can exchange some investment opinions and advice
If you see another FR economic thread you like and want to link to it here, please do
Post your favorite economic site links. Your favorite economic blogs and precious metals blogs and sites
Ping list -- on or off let me know here or via freep-mail. If I missed you then Freep-mail me
I might ping you to other interesting economic threads a few times a week. One per day maybe
Sites that posters have recommended ------
I’m in the same boat! Wanting to get in more, waiting for pullbacks, afraid of a repeat of 08. (sigh)
Futures down sharply as yesterday's drop continues:
Uptrend Faces Selling Pressure As Nasdaq Notches 6th Distribution Day
08/06/2013 06:53 PM ET - Homebuilding, gold mining, biotech and a few stocks within the vast retail sector got smacked Tuesday as the market declined broadly in higher volume. The Nasdaq fell 0.7% — its largest decline since a 1.1% drop on June 24 — as volume picked up nearly 5%. On the NYSE, turnover intensified at a greater pace, up 23%, as the S&P 500 lost 0.6%. ... More »
An aging rally is looking like it may be replaced by a correction.
Futures down sharply as yesterday's drop continues:
Uptrend Faces Selling Pressure As Nasdaq Notches 6th Distribution Day
08/06/2013 06:53 PM ET - Homebuilding, gold mining, biotech and a few stocks within the vast retail sector got smacked Tuesday as the market declined broadly in higher volume. The Nasdaq fell 0.7% — its largest decline since a 1.1% drop on June 24 — as volume picked up nearly 5%. On the NYSE, turnover intensified at a greater pace, up 23%, as the S&P 500 lost 0.6%. ... More »
An aging rally is looking like it may be replaced by a correction.
sorry about the repost —that’s the last time I press the ‘resend’ button w/o checking the pings.
One word: Bearnado. That was on Fast Money last night.
http://edge.media-server.com/m/p/4ga65tna/lan/en
I love this this thread but have been so busy that I have not have live-time input as of late, but would hope to contribute more in the days ahead.
This is what IBD calls 'market under pressure', like a yellow traffic light saying to proceed with caution. Yesterday's trading was worrysome--
As Nasdaq Adds To Its Distribution
08/07/2013 06:34 PM ET - The major indexes trimmed losses Wednesday but still added to an uncomfortably rising sum of distribution in the market. The Nasdaq fell 0.3% and the S&P 500 0.4%. But the indexes were down much more early in the session and shrank their losses throughout the day. The composite was off as much as 0.9% in the first hour, while the S&P 500 had slid ... More »
--while today's futures are up and the news is more upbeat
Unexpected strength in China trade data eases some gloom
By Koh Gui Qing. BEIJING | Thu Aug 8, 2013 4:15am EDT. BEIJING (Reuters) - Surprisingly firm rebounds in China's exports and imports in July offered some hope that the world's second-largest economy might be stabilizing after more than two years of ...Europe shares higher on strong
I’m looking at the energy sector. Anybody have any favorites? I’m nibbling at PSX but am open to suggestions.
This headline cracked me up.
” Tesla’s Valuation: From Ridiculous to Gary Busey in 5.8 Seconds”
I believe even after the recent run-up the stock is undervalued for its potential and the hurdles it faces to reach its potential.
LOL, I just saw the headline and thought it was funny. I don’t have an option on whether it’s worth that price or not. The author obviously thinks it isn’t.
I agree the headline is funny.
It’s not energy but this one is doing quite well
Futures down again after yesterday's uptick. We got pundits happy even while the market's setting up a selloff:
Stocks End Brief Losing Streaks; China Boosts Bulls08/08/2013 06:39 PM ET - Stocks bounced higher Thursday, ending a three-day losing streak on the S&P 500 and a two-day dip on the Nasdaq. The Nasdaq and S&P 500 gained 0.4% each, while the Dow added 0.2%. The IBD 50 advanced 0.6%. Volume rose across the board. Yet with the uptrend under pressure, the caution light is on. What would it take to get a green light? A hint ... More »
Fed's Evans Sees Labor Improvement With September Taper Possible
Federal Reserve Bank of Chicago President Charles Evans, who has been among the most vocal proponents of record monetary accommodation, said there has been “good improvement” in the labor market and indicated that a tapering of the central bank's ...
Ah, to have bought that several months ago. Thanks.
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