Skip to comments.Investment & Finance Thread (Dec. 9 - Dec. 13 edition)
Posted on 12/09/2013 2:36:58 AM PST by expat_panama
Investment & Finance Thread (Dec. 9 - Dec. 13 edition)
Last week's stocks rebounded in shaky volume.
This week's econ reports here, earnings reports:
Anyone want more stuff or less stuff posted here please let me know.
Ping list -- on or off let me know here or via freep-mail. If I missed you then Freep-mail me. The list of everyone's links is here. Open invitation continues always for input on ideas for the thread, this being a joint effort works well. Keywords: financial, WallStreet, stockmarket
--and a very happy Monday morning all!!
Futures markets are up today for everything (including stocks) --except metals & softs. So I'm feeling ready!
News looks good too:
China data boosts world stocks, nerves hold over US bond-buying taper Reuters India - 46 minutes ago LONDON (Reuters) - European and Asian share markets rose on Monday, lifted by upbeat Chinese trade data and cautious optimism that the world's economy and markets can cope with a gradual withdrawal of U.S.
World stocks boosted as US unemployment falls By EILEEN NG - AP - 58 mins agoKUALA LUMPUR, Malaysia (AP) Global stock markets were mostly higher Monday as signs of U.S. economic recovery offset concerns that the Federal Reserve may reduce its monetary stimulus this month. (full story)
Oil near $98 as US economy shows improvement AP - 2 hrs 13 mins ago KUALA LUMPUR, Malaysia (AP) The price of oil inched toward $98 a barrel Monday after stronger U.S. hiring suggested demand for crude could increase. (full story)
Sorry for the digression, but seeing Uncle Scrooge reminded me of a bit of movie dialogue that crystallizes the principle of wealth creation in a few words.
Devlin Warren: I don’t know what to say. Never begged before. Turned my stomach. I suppose I should have been grateful that you gave me the job.
George Washington McLintock: Gave? Boy, you’ve got it all wrong. I don’t give jobs I hire men.
Drago: You intend to give this man a full day’s work, don’tcha boy?
Devlin Warren: You mean you’re still hirin’ me? Well, yes, sir, I certainly deliver a fair day’s work.
George Washington McLintock: And for that I’ll pay you a fair day’s wage. You won’t give me anything and I won’t give you anything. We both hold up our heads.
Looking like more market indecision --futures up again after yesterday's stock gains in lower volume. Humph.
Wall Street frets as Volcker Rule nears vote USA TODAY - Dec 8, 2013 Five years after the financial crisis, regulators will vote Tuesday on the "Volcker Rule,'' one of the most contested elements of the sweeping, post-crisis Wall Street reform act known as Dodd-Frank.
US sells rest of GM stock Los Angeles Times - 6 hours ago WASHINGTON - The federal government closed the books on the taxpayer bailout of General Motors Co., selling the remaining shares in the nation's largest automaker and taking an expected $10.5-billion loss.
U.S. Sells Last of GM Shares 12 hours ago - ... the government has sold its remaining shares of General Motors and that losses from the 2009 auto industry bailout total about $15 billion.
Market Reverses --sort of. Happy Friday the Thirteenth!!
Seriously, there are a lot of good arguments on all sides over which direction we got. On top of everything else we got the holiday season (volatility in low volume) and the 'January effect' (supposedly the omen for the upcoming year).
At any rate, this morning's futures have been up for hours & solidly buoyant for stock indexes. This is the time of year institutions often buy stocks that did well so their annual reports show them holding winners --whether they 'won' with them or not.
Here's all the news from my 'Confirmation Bias' (re 12 Cognitive Biases That Endanger Investors):
GLOBAL MARKETS-Stocks depressed, dollar up on Fed taper talk Reuters - an hour ago ... Print. * MSCI World Index on track for worst 2 weeks since June. * Dollar hits 5-year high versus yen. * Oil, gold steady.
US stocks decline on taper talk iAfrica.com - 2 hours ago US stocks Thursday closed lower after a surprisingly good retail sales report boosted speculation that the US Federal Reserve could soon scale back its stimulus program.
Consumers' big purchases lift hopes for US economy By CHRISTOPHER S. RUGABER - AP - Thu Dec 12, 2:34PM CST WASHINGTON (AP) Americans ramped up spending at retail businesses in November, providing a boost to the economy just in time for the holidays. (full story)
Glad to see you back. I hope all is well with you.
NP, just the slow market not competing for interest with the fast holiday season. Low volume trading also seems to be coming with low volume chatting here.
“Stocks depressed; dollar up on taper talk”
Taper talk?? Haven’t we seen this movie before?
Buy the dips, seems to me (but then again I’ve been long and wrong before...).