Investment & Finance Thread Freepathon Special

Weekly investment & finance thread ^ | Oct. 11, 2014 | Freeper Investors

[expat_panama]

Mid-weekend ping.

[onyx]

How very thoughtful!!! Thank you so much, dearest expat_panama!
B T T T ! ! ! ©

[freeangel]

Add me, please and thank you. Freeangel

[expat_panama]

An alert freeper pinged about reason # 2 ("consider donations when they itemize in Schedule B") and how the freerepublic home page says "Donations to Free Republic are NOT tax deductible."  What I got is the Freerepublic is not incorporated under section 501(c)3 so donations are not charitable.  

So the same applies for money given to Investors Business Daily, yet for years now I've entered my IBD subscription cost (which pays for the IBD chat investment forum) into my tax program.  This should now be perfectly clear to anyone who does not understand it because it's confusing.  Tax law is so convoluted that one tax court can say that a particular way of filing federal taxes is just fine, and some other court can call for stiff penalties for the same action --so we're talking probabilities.  

fwiw, if I were to bet money (preferably someone else's money) I'd say that anyone here listing the FR expense wouldn't see any difference in the final tax bill anyway.

[expat_panama]

Good Morning & a happy 'bounce-day' to all!   Futures are starting out w/ stocks indexes flat and metals strong ---a respite from the heavy down turns we saw w/ both last week.  No major econ reports today and tomorrow.  fwiw:

Dam breaks in Europe as deflation fears wash over ECB rhetoric
Global stocks start week lower, China data cannot lift gloom Reuters - 7:25am LONDON (Reuters) - Stocks started the week on a negative note and crude oil prices fell to near-four-year lows with forecast-beating Chinese trade data unable to lighten investors' mood about the health of the global economy.
Strong dollar delivers blow to FOMC officials
Why Everything Elizabeth Warren Told You Is Wrong - Forbes
Why The Market Could Sell Off Another 10% - 24/7 Wall Street
Buybacks: Money Well Spent? - Financial Times

[Abigail Adams]

So, have we hit resistance against the 200-day moving average thing-y? And are we headed back up now? Or is it doom and gloom, big crash to come?

[expat_panama]

Yeah, I was asking myself the same question.  So far so good though--

--we haven't hit the 200DMA since 2012 when we bounced off it twice.  We're hitting it now though, and if it's like July 2011 the next few days should tell whether we're going to slam right through it for a month or two.

[Abigail Adams]

That chart makes the stock market look pretty good, overall!

[expat_panama]

that’s my take too!

[Chgogal]

Hey you guys, include the years prior to 2011. Oh I'd say that itsy bitsy little dip that bottomed out in March/April 2009 would look pretty dramatic. ; )

That being said - BUMP TO THE TOP for post #8! We may be coming to bargain basement time in the next few days/weeks/months but fasten your seat belts. We in for a bumpy ride. (Betty Davis movie)

[Chgogal]

Darn it where do the word “are” go?

We are in for a bumpy ride. (Betty Davis movie)

[expat_panama]

include the years prior to 2011.

Excellent idea! Here's every day for the past ten years [click to enlarge]--

--(got to just LOVE scottrade's platform).  Noticing how the 200 day ma is actually a darn good tech indicator, thinking that I might even want to unload my 'buy'n'hold' package...

[Chgogal]

I remember March 2009. Ouch that hurt and was very painful, but we all survived. ; )

Here is link, that you will absolutely love, of the Dow from the very beginning:
http://finance.yahoo.com/q/ta?s=%5EDJI+Basic+Tech.+Analysis&t=my

[Chgogal]

FYI!

Lakeland did really well today with all the news about Ebola.

http://finance.yahoo.com/q?s=lake

[Chances Are]

Count me in, expat - I’m interested.

I’ll get this every week?

CA....

[2ndDivisionVet]

Texas, the Exporter State
http://www.americanthinker.com/blog/2014/10/texas_the_exporter_state.html

[expat_panama]

 

Tuesday, October 14, 2014
	Markets		yesterday		today
	metals		gold $1232.23, silver $17.59		Futures @ 2 hrs. before opening.+0.73%
	stocks		Stocks tried for a comeback, but big selling in the last hour sealed a third straight loss Monday. The S&P 500 tumbled 1.6%, breaking its 200-day moving average,		Futuress +0.49%

[expat_panama]

They had it a daily ping before I got here but I was too lazy to make an new post every day so I just ping. It would be interesting to know if everyone now wants a daily, weekly, or either to choose from list. Let me know what you’d like.

[expat_panama]

neat! A while back I was reading how TX has most of it’s foreign trade w/ Mexico and Calif. trades most w/ Asia —and it seems to reflect in attitudes.