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Investment & Finance Thread (week June 22 - 28 edition)
Daily investment & finance thread ^ | June 22, 2014 | Freeper Investors

Posted on 06/22/2014 11:28:08 AM PDT by expat_panama

 

 

While this past week many have reported how gold bumped up 3.4%, we should also note that silver leapt 6.7%.   Here they are w/ the DJIA and the S&P500 (from here)--

--but those two indexes really weren't the best performing indexes this week. 

In fact a look at a spread of indexes (from there) shows that say, utilities did even better than gold.  

Individual stock leaders did well ("the week, the IBD 50 rose 3.4%" (read more @IBD) and that's a bullish sign assuming that those leaders continue to lead.  

As usual, the pundits are all up, down,--

New Market Highs Don't Mean You Must Sell - John Waggoner, USA Today
A Sign of 'Dangerously Overvalued' Stocks - Mark Hulbert, MarketWatch

--and in-between--

:How to Prepare for Meltup or Meltdown - Mitchell Tuchman, MarketWatch

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, stock



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

1 posted on 06/22/2014 11:28:09 AM PDT by expat_panama
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To: abb; Abigail Adams; abigail2; AK_47_7.62x39; Aliska; Aquamarine; Archie Bunker on steroids; ...

Imagining Monday morning in a lazy Sunday afternoon ping...

2 posted on 06/22/2014 11:31:11 AM PDT by expat_panama
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To: expat_panama

Hi Ho Silver. Away!


3 posted on 06/22/2014 12:36:54 PM PDT by BipolarBob (Obama - The Scandal a Week President.)
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To: BipolarBob

"--and now we can hunt werewolves bigtime..."

4 posted on 06/22/2014 1:33:37 PM PDT by expat_panama
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To: expat_panama

I’m told by someone who’s wiser and richer than I to not worry about the Iraq situation deteriorating so bad as to interrupt oil supplies.

What do you think, expat?


5 posted on 06/22/2014 7:03:33 PM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: expat_panama; All

Something to think about

Russia Bans U.S. From International Space Station: America Strikes Back
http://www.freerepublic.com/focus/f-news/3171044/posts


6 posted on 06/22/2014 8:01:20 PM PDT by Lurkina.n.Learnin
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To: MichaelCorleone
...not worry about the Iraq situation...

Way back when Iraq invaded Kuwait stocks took a big hit --I did quite well buying in and ignoring the pessimism that all disappeared a few months later.  Of course it's a lot easier to do that when normal people are running the executive branch and the extreme left is just running the press and generating the doom'n'gloom.  Right now we got the loopy loonies running things while being fawned over by a doting press.

Personally, I'm cautiously expecting a return to reason w/ the Nov. election but I'm watching things closely day to day.

Your take?

7 posted on 06/23/2014 3:03:59 AM PDT by expat_panama
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To: abb; Abigail Adams; abigail2; AK_47_7.62x39; Aliska; Aquamarine; Archie Bunker on steroids; ...

--and beginning the new week w/ futures in general flat --indexes up a tad and metals down a bit.  Good news is no major reports before the bell today.  Some early morning news feeds:


8 posted on 06/23/2014 3:20:41 AM PDT by expat_panama
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To: Lurkina.n.Learnin

Something else that’s going on is that while the president proposes NASA budget cuts and the House approves all NASA requests, the press and NASA employees blame the cuts on congress. Sure, we’ll eventually muddle through this, but in the mean time we need to keep a better grip on reality.


9 posted on 06/23/2014 4:05:15 AM PDT by expat_panama
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To: expat_panama

I also am expecting a return to reason over the next year or two as enough people will have experienced the pain of liberal nonsense run amok. I’m hoping we come out of this an economic powerhouse; a true leader of the free world once again.

I will take instruction from your experience with the Iraq-Kuwait conflict and keep some powder dry just in case...


10 posted on 06/23/2014 6:10:01 AM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: MichaelCorleone

It’s much easier profit when a doom’n’gloom press assails a sane government —this was also the case in ‘03. In times where a crazy press sides with a crazy government we’re all kind of flying blind.


11 posted on 06/23/2014 6:54:39 AM PDT by expat_panama
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To: abb; Abigail Adams; abigail2; AK_47_7.62x39; Aliska; Aquamarine; Archie Bunker on steroids; ...

Weird trading yesterday and metals & indexes ended up back where they started: no change.  Light trade; like everyone was still on a weekend or something.  fwiw, today we got futures up for metals and down for stocks but we start out w/ home sales and confidence reports ahead of tomorrow's durables and final GDP.

Asian shares push ahead on hopeful signs for global growth Reuters - 8 hours ago SYDNEY (Reuters) - Asian shares ticked higher on Tuesday as improved manufacturing data from China, Japan and the United States augured well for global growth, despite a disappointing result from the euro zone.
Sovereign debt the 'ultimate bubble': Wilbur Ross A bubble currently brewing in sovereign debt will likely burst in the next couple of years, private equity billionaire Wilbur Ross warned on Monday. CNBC
How a housing bubble could bring down China's economy
'Bubble': A Mythical Adjective Used By Lazy Pundits - John Tamny, RCM

12 posted on 06/24/2014 4:04:55 AM PDT by expat_panama
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To: All

Dow nearing 17000 while the S&P closes in on 2K...


13 posted on 06/24/2014 8:26:21 AM PDT by expat_panama
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To: expat_panama

Nasdaq back to where it was 14yrs ago also.


14 posted on 06/24/2014 9:44:35 AM PDT by Lurkina.n.Learnin
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To: Lurkina.n.Learnin

Seems to be fading back down now.

Funny how traders view these phychological number lines as if they’re some kind of physical wall. First time the Dow crossed the 1,000 mark it was in intraday trading back in ‘65 —and it promptly fell back. Over the next 28 years it failed to pass through the 1K line, folks just kind of saw it as the old reliable ‘sell’ signal; not until ‘83 was America ready to get moving again.


15 posted on 06/24/2014 10:39:26 AM PDT by expat_panama
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To: expat_panama

Speaking of psychology what spooked the heard today?,


16 posted on 06/24/2014 12:27:24 PM PDT by Lurkina.n.Learnin
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To: Lurkina.n.Learnin

—was wondering about that myself. No big reports came out, may be just some over due profit taking.


17 posted on 06/24/2014 12:47:15 PM PDT by expat_panama
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To: abb; Abigail Adams; abigail2; AK_47_7.62x39; Aliska; Aquamarine; Archie Bunker on steroids; ...

Huh. 

So yesterday we began upbeat w/ good econ news but still ended with a new distribution day ("...loss of more than 0.2% by a a major index..." link here) putting the count for the current uptrend at 2 for NASDAQ and 3 for S&P500.  Today we got-Durable Orders, GDP. and Crude Inventories and futures say metals are falling and stocks aren't.

As Dow nears 17,000, worrywarts speak loudest
Iraq fears hit European shares, German bond yields fall European shares fell on Wednesday, mirroring losses in the United States and Asia, as fears violence in Iraq could escalate further prompted investors to take refuge in safer assets such as German bonds. The FTSEurofirst 300 index (.FTSE) of top European shares fell 0.7 percent to a three-week low, while Germany's benchmark DAX…
Help! I'm Marrying Into $166K of Student Loan Debt After finding out his girlfriend has six figures of student loan debt, a young man wonders: How does a mountain of debt stack up against love? Credit.com 
Yellen may be poised to rewrite Fed's rule book on wages,
The Dollar Ain't Losing Its Reserve Status - Brian Wesbury & Bob Stein, FT
Buyers Outpace Builders, New Home Sales Soar - Richard Moody, Regions
Consumer Confidence Rises Solidly In June - Mark Vitner, Wells Fargo Econ


18 posted on 06/25/2014 5:02:00 AM PDT by expat_panama
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To: expat_panama

-2.9%. They sure missed that number.


19 posted on 06/25/2014 5:46:49 AM PDT by Lurkina.n.Learnin
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To: Lurkina.n.Learnin

http://finance.yahoo.com/news/u-economy-contracts-2-9-123534819.html


20 posted on 06/25/2014 5:50:04 AM PDT by abb
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To: abb; Lurkina.n.Learnin

Amazing, and just 2 months ago we were being told the quarter was expanding at +0.1%?


21 posted on 06/25/2014 5:58:09 AM PDT by expat_panama
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To: All

futures turning sour; the deflator said we got rising prices with this contraction.


22 posted on 06/25/2014 6:00:00 AM PDT by expat_panama
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To: expat_panama

You can figure that one just by grocery shopping.


23 posted on 06/25/2014 6:20:16 AM PDT by abb
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To: expat_panama

This makes it pretty hard to argue against the eroding confidence in govt numbers.


24 posted on 06/25/2014 9:36:14 AM PDT by Lurkina.n.Learnin
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To: abb; Abigail Adams; abigail2; AK_47_7.62x39; Aliska; Aquamarine; Archie Bunker on steroids; ...

Good Morning all!!  As of yesterday's trades our stock uptrend's back on track and todays futures are steady --except off for metals.  Funny how we see headlines like Stocks put aside U.S. growth setback, reality is evidently that current prices already included a contraction.  Big report day--

Initial Claims
Continuing Claims
Personal Income
Personal Spending
PCE Prices - Core
Natural Gas Inventories
Michigan Sentiment - Final

--but news seemed thin:

Apple Joins the Five Most Heavily Shorted Nasdaq Stocks A surge in short interest in Apple shares between the May 30 and June 13 settlement dates was enough to lift the tech giant into the top five most shorted stocks on the Nasdaq. 24/7 Wall St.

GDP, and Obama's Massively Subpar Growth Record - Editorial, Investor's


25 posted on 06/26/2014 4:01:45 AM PDT by expat_panama
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To: Lurkina.n.Learnin; abb
There's an old saying that figures don't lie but liars figure and it sure seems that way w/ gov't stats, that whenever one number points one way there are so many others that give a more complete picture.

Of course the press is different, they can just lie and just hang on...

26 posted on 06/26/2014 4:07:09 AM PDT by expat_panama
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To: abb; Abigail Adams; abigail2; AK_47_7.62x39; Aliska; Aquamarine; Archie Bunker on steroids; ...

Happy Friday morning all!  So while yesterday stocks were flat in low volume while metals were off a bit, this morning futures are seeing stocks off a bit and a return w/ metals.  A lot of econ chatter on these threads this past 24 hours:

The Pitchforks Are Coming… For Us Plutocrats

Negative Nominal Interest Rates: Highway to a Cashless, Statist Hell

Stone Cold Proof That Government Economic Numbers Are Being Highly Manipulated

For most families, wealth has vanished

GDP shrinks 2.9%; Obama's economic growth gap grows to $1.6 Trillion


27 posted on 06/27/2014 4:17:22 AM PDT by expat_panama
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To: expat_panama
Amazing, and just 2 months ago we were being told the quarter was expanding at +0.1%?

Truth be known, the 2008 rec(depr)ession never ended, and is now ready to bite back with a vengeance.

This may counter conventional thinking right now, but if you factor out QE, it is exactly what has happened.

The Obama administration has cooked the books far beyond any other previous administration, as in evidence of several revised data points which are beyond head scratchers. I also wouldn't doubt that there are many in the GOP(e) who are also complicit in this financial shell game on a grand scale.

I am no gold bug, but recent events are making it more attractive.

28 posted on 06/27/2014 4:26:22 AM PDT by catfish1957 (Face it!!!! The government in DC is full of treasonous bastards)
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To: catfish1957

Econ reports are looking more and more like the globalwarming story the way politics is twisting the numbers, but in both cases there are just too many ways reality can bite that true believers have to keep trying harder to shut their eyes.

We’re agreed that changes have become more obvious, but gold’s average price over several decades has been $500 in 2014$ so short term moves are hard to tell.


29 posted on 06/27/2014 6:32:45 AM PDT by expat_panama
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To: expat_panama
We’re agreed that changes have become more obvious, but gold’s average price over several decades has been $500 in 2014$ so short term moves are hard to tell.

Great point, but how close are we to that $500 price point are we since our currency has been artificially propped up. Kind of an invisible inflationary pressure so to say.

30 posted on 06/27/2014 9:04:26 AM PDT by catfish1957 (Face it!!!! The government in DC is full of treasonous bastards)
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To: catfish1957
currency has been artificially propped up. Kind of an invisible inflationary pressure

That's why I was saying gold averaged $500 in 2014$, it's the price after inflation's taken back out of it, meaning the exchange rate of gold for "typical things people buy" these days is still pointing to a further return to gold buying less and less.  Example (from here):


31 posted on 06/27/2014 11:31:49 AM PDT by expat_panama
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