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Investment & Finance Thread (Apr. 27 edition)
Daily investment & finance thread ^ | 04/27/2014 | Freeper Investors

Posted on 04/27/2014 4:06:29 PM PDT by expat_panama

While we've all been asking 'which way' for the past few weeks all we've been getting is 'nowhere in particular'. 

OK, so in the past 3 months we've seen everything leap up but then they all flop back to next to nothing just sitting there for a few weeks. 

Seems IBD called it right by saying the correction began 3 weeks ago with no 'uptrend' so far.  Major indexes have given us new lows and descending highs --with volume on the bearish side.

We got all kinds of pundits predicting all kinds of directions, but imho the "usually reliable" signs say we may as well get ready for more of the same. 

 

Unless we get a follow thru day tomorrow. 8P

btw, IBD's clear on that follow-thru stuff saying it's no guarantee of things to come.  It's just that (like they say) while not every FTD brings in a good uptrend, we know that every good up trend has had a FTD.

This is the thread where folks swap ideas on savings and investment --here's a list of popular investing links that freepers have posted here and tomorrow morning we'll go on with our--

 

Open invitation continues always for idea-input for the thread, this being a joint effort works well.   Keywords: financial, WallStreet, stockmarket.



TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: financial; stockmarket; wallstreet
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To: catfish1957

Yeah I’m not buying that either...


101 posted on 05/02/2014 6:43:03 AM PDT by Wyatt's Torch
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To: Wyatt's Torch; catfish1957
Yeah, this smells just like yesterday's "Obamacare tax hikes saved the recovery".
102 posted on 05/02/2014 7:37:56 AM PDT by expat_panama
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To: expat_panama

Yeah, this smells just like yesterday’s “Obamacare tax hikes saved the recovery”.

Ummmm, what?


103 posted on 05/02/2014 8:20:09 AM PDT by Wyatt's Torch
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To: Wyatt's Torch
Yeah, this smells just like yesterday’s “Obamacare tax hikes saved the recovery”.

Ummmm, what?

The ACA (AKA 'obamacare') was found to be constitutional because it is a tax.  The Whitehouse said that the reason 2014 Q1 GDP was positive was the ACA (from here):

...The report also shows the positive impact of the implementation of the Affordable Care Act which, together with continued slowing in health costs, helped strengthen the economy in the first quarter. The President will do everything he can either by acting through executive action or by working with Congress to push for steps that would raise growth and accelerate job creation, including fully paid-for investments in infrastructure, education and research, a reinstatement of extended unemployment insurance benefits, and an increase in the minimum wage.

FIVE KEY POINTS IN TODAY’S REPORT FROM THE BUREAU OF ECONOMIC ANALYSIS

1. Real gross domestic product (GDP) rose 0.1 percent at an annual rate in the first quarter of 2014, following the 3.4 percent annual pace in the second half of 2013. Looking at the various components of GDP, consumer spending grew at a rapid pace, mainly reflecting sharp increases in health care ...


104 posted on 05/02/2014 9:45:23 AM PDT by expat_panama
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To: expat_panama

“Looking at the various components of GDP, consumer spending grew at a rapid pace, mainly reflecting sharp increases in health care ...”

LOL! I suppose we saw a major spike in consumer spending on April 15th also.


105 posted on 05/02/2014 9:59:04 AM PDT by Lurkina.n.Learnin
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To: expat_panama

Yeah it’s a pretty flawed system when you force tax hikes and that is an improvement in GDP... Absolutely zero wealth effect from that money being pissed down the government drain.


106 posted on 05/02/2014 10:06:14 AM PDT by Wyatt's Torch
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To: Wyatt's Torch; Lurkina.n.Learnin
a major spike in consumer spending on April 15th also

force tax hikes and that is an improvement in GDP

iirc hurricane Katrina boosted the GDP too.  Makes me wonder if next time some wonk will try and keep GDP growth positive by say, nuking Omaha.

107 posted on 05/02/2014 11:00:25 AM PDT by expat_panama
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To: expat_panama

Broken windows theory


108 posted on 05/02/2014 11:30:17 AM PDT by Wyatt's Torch
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To: expat_panama

Also goes back to the Milton Friedman/Chinese Dam story.


109 posted on 05/02/2014 11:30:59 AM PDT by Wyatt's Torch
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To: expat_panama
The drab on job growth from government jobs might be over:


110 posted on 05/02/2014 11:50:11 AM PDT by Wyatt's Torch
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To: Wyatt's Torch

huh. Of course if that were a stock chart I’d be looking at how this latest uptick is a lot like the one in Sept. ‘12 that never went anywhere...


111 posted on 05/02/2014 12:47:31 PM PDT by expat_panama
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To: expat_panama

I see the velocity ticked down some more in Q1/14.
http://research.stlouisfed.org/fred2/series/M2V

What is the difference in M1, M2 and MZM any way?


112 posted on 05/02/2014 1:29:50 PM PDT by Lurkina.n.Learnin
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To: Lurkina.n.Learnin
the difference in M1, M2 and MZM

Wikipedia has its faults, but imho they did a good job here:

Type of money M0 MB M1 M2 M3 MZM
Notes and coins in circulation (outside Federal Reserve Banks and the vaults of depository institutions) (currency) ✓[9]
Notes and coins in bank vaults (Vault Cash)          
Federal Reserve Bank credit (required reserves and excess reserves not physically present in banks)          
Traveler's checks of non-bank issuers    
Demand deposits    
Other checkable deposits (OCDs), which consist primarily of Negotiable Order of Withdrawal (NOW) accounts at depository institutions and credit union share draft accounts.     ✓[10]
Savings deposits      
Time deposits less than $100,000 and money-market deposit accounts for individuals        
Large time deposits, institutional money market funds, short-term repurchase and other larger liquid assets[11]          
All money market funds          

113 posted on 05/02/2014 2:40:17 PM PDT by expat_panama
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To: expat_panama

Thanks, I’m bookmarking that article. It explained a lot. That’s, what I like about this thread, it even helps clueless me learn some things.


114 posted on 05/02/2014 3:12:26 PM PDT by Lurkina.n.Learnin
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To: Lurkina.n.Learnin

lol! -and the dirty little secret is that everyone’s clueless on some things, only the rest of us just aren’t as openly honest...


115 posted on 05/02/2014 3:24:05 PM PDT by expat_panama
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To: Wyatt's Torch

That deserves its own thread. It needs broader exposure. Uncertainty isn’t just driven by federal policy. It’s a state, county and local issue poorly understood by decision makers and bureaucrats. We just don’t notice the more local stuff because its effects are limited and localized for the most part. Illinois thought it had a good policy, until now.


116 posted on 05/06/2014 5:07:10 AM PDT by 1010RD (First, Do No Harm)
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