Skip to comments.Investment & Finance Thread (week June 29 - July 3 edition)
Posted on 06/29/2014 2:17:00 PM PDT by expat_panama
Yesterday was the 100th anniversary of the assassination of Archduke Franz Ferdinand in Sarajevo which sparked the war and the NYSE decided to close for the duration (more here). This week we begin the new quarter --and the second half of 2014. We'll see if the GDP for Q2 shows any improvement (1st report coming out in three weeks). Imho we're in an economy where we can still make money but it's just going to take more effort.
Review of last week here, reports/consensus coming out this week here.
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, economy.
The what-could-possibly-happen? ping...
Four months out from an Asian cruise of a lifetime, Thailand now under military junta, Vietnam and China and Philippines squabble over territory, Hopefully Japan and Korea will cheer things up, Oh wait, The Kid Wonder in NK just got physical..again, I just hope the light shows and fireworks are worth it.. And we stay out of the news.. Again.
[adding to my 'to-do' list...]
Any recommendations on best companies for junk silver? Kitco, etc. any bad experiences, any tips?
I’ve used Monex but can’t really recommend them or bad mouth them. They gave me what I wanted.
Thailand was one of my escape countries but now I'm not so sure. Better stick with Costa Rica and Belize I guess.
The med was our other once in a life time cruise,,
I definitely wish we had more time in all the ports and beyond.
I’d enjoy going back to London and Roma and Greece.. Haven’t even scratched France yet..
I hit sixty this November..
A world cruise segment is tempting tho too
Lots of time to nap..
That was the favorite years ago but the CR bureaucrats now have become super hard to get along with. Getting electricity, internet, a driver's license can be no end of headaches, but in Panama it's manageable. (mho)
Then again, something to be said for just living there for a month or two. Ever looked into 'house swapping'?
Thanks for the ping; posts.
Ditto what you just said, Pete. Did you know also that the CR bureaudorks have also instituted an $8 fee just to transit their country. Pick, pick, pick, hallmark of bureaudorks.
Pls be advised, though, that Belize, unless you plan to purchase in one of the established expat communities (e.g. Ambergris) or one of the new highish-end developments (e.g. Orchard Bay), is a dump. The people are enormously friendly, BUT, more to life than that, eh.
At my age, I’d consider dog swapping.. Uhhh
I hear ya tho..
Not sure if wifey will ever relocate again
Seems we bring chaos wherever we cruise,, Rome and Athens,, riots,, I hope Hong Kong and Singapore and shanghai are cool. We also visits Ho Chi Minh City and Nagasaki. I have thumb drives, not to worry. Beijing should be interesting, I am a history nut.
Only $8 to leave CR? That's a bargain at ten times the price! Seriously, CR really is beautiful and the people are downright charming. It's just living there that becomes a nightmare.
My pleasure —glad to know they’re welcome.
It will be “unexpected”. Count on it.
Most Asian Stocks Rise While Oil Extends Drop; Crops Fall
tx, that was kind of under the radar for me...
Good morning and a happy last day of June first day of a short week to all! Seems most of the econ report are at the latter part of the week (unemployment on Thurs) and today we only got Chicago PMI and Pending Home Sales. Future traders have metals down and stocks off a tad along w/ other markets. Interesting morning stuff:
When I toured the Forbidden City last year, I paid the equivalent of $20 to a local tour guide. It was well worth it. His English was very good, his knowledge was immense, and he was willing to take as much time as I wanted.
We also avoided the larger groups most of the day.
Several people approached me asking to do this... I passed on several, until I got a guy I could understand. :-)
Was in Thailand last week. Got a TWO HOUR Thai massage for $25 US. Also, well spent money.
This weeks economic data releases:
9:45 am Chicago ISM (63.0 consensus)
10:00 am Pending home sales (FC 98.6)
9:45 am PMI - Manufacturing (55.8 consensus)
10:00 am COnstruction spending (0.4% consensus)
8:15 am ADP payrolls (+205K consensus)
10:00 am Factory orders (-0.3% consensus)
8:30 am NFP (+215K consensus, +210K private, +10K manufacturing)
8:30 am UE3 (6.3% consensus)
8:30 am Initial claims (315K consensus)
My accounts have been on a roll lately... but, I’m starting to get nervous. KEX, COP, WLK, and FB are my biggest holdings...
I just completed a two week trip through Asia (Singapore, China, Thailand). Things definitely seem to be slowing down over there. NO ONE in China has any cash. Customers everywhere are paying late, or not at all. Our company has moved to “Cash up front” only for doing business.
Have you noticed the collapse in pricing for iron? It’s a decent leading indicator, IMO. Business, globally, is slowing.
I fear that 2nd QTR US GDP is not going to rebound as much as people think. It may start out positive, but... after final revisions it might even be negative again. If that’s the case, earnings in this quarter may not be all that great.
Eventually... the market should have to recognize the lack of growth.
I’ll be watching the market closely today. If all goes okay I’ll be taking some off of the table today. July could be very interesting and I’m getting nervous as well.
The story is that the weekend of the 4th typically radiates a ‘good-feeling’ type rally, so I’m curious as to how all the Thurs rpt news might impact.
Donno about other traders but I’m getting all kinds of conflicting signals —even from the same sources. Like, last Friday IBD announced that stocks jumped in higher volume w/ the NASDAQ closing at a decade+ high, and right now I’m finding out that volume only jump because some indexes changed stocks and that made index funds buy/sell. Their bottom line is that this rally is pooping out.
Yeah Friday was Russell rebalancing. Our stock was hit with a 213K block after the close (about 20% of normal volume).
I bought one of those stocks hoping it would rally on forced buying. nada. I’ll wait a couple of weeks and dump it.
I downloaded Barcharts app last week and am really liking it. You might want to check it out. It shows a lot of info for a free app. I don’t have the paid version so some features don’t work. Check it out and see what you think
I forgot to say it’s on my phone.
We opted to blow dough and stay a couple days extra in Beijing and Singapore where we embark. We get a two nighter in going Kong so as long as I don’t fall off the a great Wall or find a casino on Macau.. Definitely will check out guides in advance. :-) Thanks!
Ah, that explains my problem. I love Barcharts tho, every morning I get my futures info at http://www.barchart.com/futures/heatmap ...
Yesterday ended totally flat both w/ metals and stocks, and now we got futures traders solidly upbeat on both awaiting reports on construcion spending + auto/truck sales.
The Holes That Could Expose This Market Rally - John Kimelman, Barron's
Stock Market @Midyear: Better Than Expected - Gregory Zuckerman, WSJReuters European stocks get second half off to steady start
Signs of the Gold Standard Emerge In Great Britain - Ralph Benko, Forbes
I see what you did there. ;^)
I was in Singapore last week as well... It’s an unbelievably beautiful place. So many things to do there.
Universal Studios, Aquarium, Marina Bay Sand Casino :-) , Shopping EVERYWHERE... restaurants EVERYWHERE... The gardens.... it’s unreal.
“My accounts have been on a roll lately... but, Im starting to get nervous. KEX, COP, WLK, and FB are my biggest holdings...”
A little advice if you aren’t doing it, keep your Stop Loss orders up to date with the maximum % of loss you can stand. Don’t get greedy.
That's what I was just thinking too with this run-up, time to 're-notch' the loss limits...
I took some profits today. I get nervous up here skating on the ceiling.
There’s probably going to be a lot of profit-taking sessions in the near future, but what I’m seeing is one of those times we say “hold your nose and buy”.
“That’s what I was just thinking too with this run-up, time to ‘re-notch’ the loss limits...”
It is nice how much some of our returns has jumped since the first of the year.
We have a few ETFs, zero actual stock, which have been on fire since late January.
Re-notching the loss limits is usually a 3-5 month job for me.
That is not fast enough for a few of them.
I set a 10% loss for my stop loss orders, and this year I have been checking on that calculation on a shorter time table and “re notching” as you call it.
I took profits yesterday and bought a defensive stock and a short stock today. The 4th of July holidays make me nervous (actually any holiday anymore). GLTA
I didn’t get rid of every thing, I just pared back and got rid of some that weren’t performing that well. They will probably take off tomorrow.
That’s mostly what I did. Re position.
Thanks... I will definitely do that. Today, I sold all holding other than the ones I listed above... and a couple of mutual funds.
If 2nd qtr GDP sucks again... the jig will be up.
Neat --right after seeing gains in metals and stocks yesterday this morning futures traders are predicting more of the same! I mean, profit taking isn't as much fun by oneself while everyone else is still out having all the fun, but then again the saying is still true that "nobody ever went broke taking a profit".
Reports today: MBA Mortgage Index, Challenger Job Cuts, ADP Employment Change, Factory Orders, Crude Inventories; this morning's stories:
"Danger Will Robinson!!!!!..... Danger!!!!!
The market exuberance has no basis. This is the freakin' Twilight Zone I tell ya.