A Darkening Market Sky [Maybe; Investment & Finance Thread Feb. 1]

Weekly investment & finance thread ^ | January 30, 2015 | Freeper Investors

[expat_panama]

One thing after another ping.

[Pearls Before Swine]

Finance thread: Is anyone worried about the “SuperBowl Indicator”, which predict a down (deflated) market for the year if the Pats win? As a Pats fan, I’m putting on my shorts.

[Conservative Gato]

Bump to read later.

[Lurkina.n.Learnin]

“As a Pats fan, I’m putting on my shorts.”

I’m glad for that. We don’t need to see you with out your shorts on. ;^)

[abb]

[Pearls Before Swine]

We don’t need to see you with out your shorts on. ;^)

Indeed you don't, ahem. It's a market term...

[Rusty0604]

I didn’t know that, but I’m already rooting for the Seahawks.

[Rusty0604]

This s/b good for stocks:

President Barack Obama’s budget will propose an ambitious six-year, $478 billion public works program of highway, bridge and transit upgrades, half of it financed with a one-time mandatory tax on profits that U.S. companies have amassed overseas, White House officials said.

http://www.freerepublic.com/focus/f-news/3252993/posts

[Jack Hydrazine]

I thought maybe someone was short sheeted!

[expat_panama]

HAPPY GROUNDHOG'S DAY!!!   It either means that today's gloomy futures (stocks -0.04% and metals -0.50%) will foretell the trading for weeks ahead, or it means that we're stuck in a never ending repeat of reversals to previous levels like we had in January.   What is different today however is that this morning's reports are beginning on the first day of the week/month:

Personal Income
Personal Spending
PCE Prices - Core
ISM Index
Construction Spending

--and there's also this:

• Reuters European markets subdued as Chinese data weighs European shares stalled and core bond yields held near lows on Monday following disappointing data from China, while Greek markets were volatile as the government pursued efforts to reach a compromise with its creditors. Some Greek bank stocks rebounded as much 22 percent as Greece's leftist government began its drive to persuade a skeptical Europe to accept a new debt agreement. Finance Minister Yanis
• Deflation the danger as China's factories struggle
• Oil prices fall on weak Chinese data, U.S. refinery strikes By Claire Milhench LONDON (Reuters) - Crude oil prices fell on Monday after U.S. unions called a refinery strike and activity in China's factory sector shrank for the second month in a row, quashing Friday's bullish mood. At 0938 GMT (4.38 a.m. ET) Brent crude oil futures were down $1.05 at $51.94… Reuters 56 mins ago
• Gloom-and-Doom Over as $1 Billion Swedish Fund Bets Big on U.S. “The U.S. has shown again that they’re the best in the world at everything -- they can be out for the count, but when they get momentum, they’re like an old steam engine and just go,” Christian Voboril, a fund manager at Coeli in Stockholm, said in an interview. Voboril, whose Coeli Select Sverige… Bloomberg
• Typical net worth by age: Where do you stand? Knowing your net worth can -- in fact -- be important, but in a limited scope. USA TODAY
• What could rock markets this week Central banks, along with corporate earnings, will be in play in the week ahead. CNBC's Pauline Chiou has more. CNBC Videos

[abb]

http://www.bloomberg.com/news/articles/2015-02-02/the-problem-with-obama-s-plan-to-limit-retirement-savings

The Problem With Obama’s Plan to Limit Retirement Savings

The administration’s plan to cap retirement saving at around $3 million adds a new layer of complication and little benefit

by Allison Schrager
8:15 AM CST
February 2, 2015

[Rusty0604]

I didn’t know he is planning on capping the retirement savings again. Labor unions, especially gov’t ones, push this because most of them have defined benefit plans in which their distributions can add up to that much, and it certainly isn’t “fair” that taxpayers can have better retirement than they do.

[expat_panama]

Good grief! He’s raising taxes on savers on top raising taxes on folks that build businesses.

[Aquamarine]

Hadn’t watched professional football in years but watched the game last night mainly for the commercials. Was pulling for the Seahawks the first half then switched to backing the Patriots in the third quarter after watching their performance, think Edelman won me over. Turned out to be a good game.

[Aquamarine]

Just found this Edelman jpg. lol

[Wyatt's Torch]

RBA cuts rates. AUD plummets.

Why is the Fed going to raise again?

[expat_panama]

Hiya & a great morning to you!   So we ended up yesterday (as usual) w/ our last minute reversals in spite of the pre-market futures gloom.  None of that goom today as futures traders are seeing metals again up +1.48% and stock indexes up +0.34%.    Reports coming later today are just Factory Orders, Auto Sales and Truck Sales. 

Sooo much happening in the news but at least the latest econ thread list can still fit here:

• Obama Budget Embraces Permanent US Decline- Growth of Reagan Era a Quaint Relic, Never to Return
• Obama budget calls for largest federal civilian workforce since Cold War
• The GOP: Still the Party of Stupid
• Obama Expresses Sympathy for New Greek Government ["You Cannot Keep On Squeezing Countries"]

[expat_panama]

Why is the Fed going to raise again?

Please help me out here on just where the Fed as announced raising rates.  All I'm getting from the FOMC is that

 "...if incoming information indicates faster progress toward the Committee’s employment and inflation objectives than the Committee now expects, then increases in the target range for the federal funds rate are likely to occur sooner..." 

--and don't forget that the sun will nova in a few billion years too.  Back on planet earth, inflation yesterday (PCE Prices - Core) was zero.  As expected.  Like the previous month.

[Wyatt's Torch]

Plenty of them (Fed governors) talking about when they are going to raise this year. Bullard yesterday as an example.