Investment & Finance Thread (May 10 edition)

Investment & Finance Thread ^ | 05/10/2014 | Freeper Investors

[expat_panama]

imho this past week is what I'd call a 'head-scratcher', but here are some other people's ho's:

(click on pic to enlarge)

Gold Seeker Weekly Wrap-Up Gold climbed $5.04 to $1294.24 by a little before 8AM EST before it dropped back to $1285.54 in the next four and a half hours of trade, but it then bounced back higher into the close and ended with a loss of just 0.04%. Silver slipped to as low as $19.052 and ended with loss of 0.1%. 

Next week’s economic highlights include the Treasury Budget on Monday, Retail Sales, Export and Import Prices, and Business Inventories on Tuesday, PPI on Wednesday, Initial Jobless Claims, CPI, Empire Manufacturing, Net Long-Term TIC Flows, Industrial Production, Capacity Utilization, the Philadelphia Fed, and the NAHB Housing Market Index on Thursday, and Housing Starts, Building Permits, and Michigan Sentiment on Friday...

Investing.com Weekly Wrap-Up 09 May 2014  U.S. stocks rose on Friday as bottom fishers snapped up nicely priced technology shares and looked past escalating tensions in Ukraine, sending the Dow Jones Industrial Average to an all-time high.  At the close of U.S. trading, the Dow 30 rose 0.20% to close at a record-high 16,583.34, the S&P 500 index rose 0.15%, while the NASDAQ Composite index rose 0.50%.   Follow up:  Technology and biotech shares have taken a beating in recent sessions, as investors have viewed the sector as too frothy...

Newscast: Stocks edge higher  4:25 p.m. May 9, 2014 - By MarketWatch  Newscast: Stocks edge higher. Steve Orr reports on the closing numbers, including a new record high for the Dow.. Last Update: 4:25 PM May 9, 2014 Wall Street had hired wrap up the week the Dow industrials also closed at a fresh record high then...

 

 

(click on pic to enlarge)

 

Honestly, this still isn't anything we could call 'market direction'. 

OK, so the Dow hit a record.  Sort of.  More likely what the large caps are hitting is a tightening range between solid resistance and firm support.  Then again, while what we've been seeing is flat/nowhere, this kind of pattern is usually what gurus refer to as 'bullish' because it bespeaks consolidation and presents a solid base to build on.

 

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.

[expat_panama]

Saturday afternoon traveling advance ping.

[Lurkina.n.Learnin]

Have a good trip.

[expat_panama]

tx!

[expat_panama]

fwiw, I’ll still be jumping in & out as usual, but it’s just that I won’t always have a say in when that can be...

[Lurkina.n.Learnin]

Here’s an interesting read

Why the Stock Market Could Rise 74% in the Next Three Years

http://www.freerepublic.com/focus/f-news/3154868/posts

[Lurkina.n.Learnin]

Futures are up this morning.

[Lurkina.n.Learnin]

And in the “say it ain’t so” department

Fed Chair: ‘Deficits Will Rise to Will Rise to Unsustainable Levels’

http://www.freerepublic.com/focus/f-news/3155061/posts

[expat_panama]

whoa, what the heck happened?  I turn my back for a day and everything soars!   Anyway, still pluggng things in/setting up here but it but it looks like this morning futures have stocks up/metals down.  Be w/ y'all in a bit...

[Wyatt's Torch]

S&P 1,901 - record high

[expat_panama]

S&P 1,901 - record high

Now at 1897.14  --almost a hundredth of a percent over what it was on Apr. 4.  True, it's a record, but still not exactly what I'd be calling a 'market direction'.

[Wyatt's Torch]

No but this is certainly a trend:

[expat_panama]

imho those are very well done trend lines; I checked and tose lines could have been drawn back a few more months earlier even. My concern now though is volume indicators, but in all honesty they can be argued either way so my bottom line is I’ll be in no hurry today to dump my S&P index funds...

[expat_panama]

fwiw: Trading Patterns Point to Leaks Ahead of Federal Reserve Announcements

[Lurkina.n.Learnin]

Interesting. While reading that I came across this article, The Republican Plan to Rein in Janet Yellen’s Federal Reserve

http://www.businessweek.com/articles/2014-03-06/republicans-plan-to-rein-in-janet-yellens-federal-reserve

My first thought when I read the headline was what are their plans to rein in congress and the president? I think that is a bigger problem than the Fed.

[expat_panama]

be late again today having to remove the bing virus

[expat_panama]

be late again today having to remove the bing virus

[expat_panama]

be late again today having to remove the bing virus

[expat_panama]

sorry about that folks, extraordinary attack but seems ok now...

[Wyatt's Torch]

The Fed isn’t the issue. It is, as you day, the fiscal side. The Fed can only do so much. The politicians have choked off growth. It’s pretty amazing the economy has done as well as it has (and sub 2% GDP, frankly,sucks).

Hensarling wants rules? What about the 2% PCE and sub 6% U3 that was set out two years ago? Way too many GOP people simply don’t understand monetary policy and he nature of inflation (i.e. Market Monetarists as per Kudlow and Pethakoukis). If it were up to them they would have tightened two years ago. For an example of what that does see 1937-38.