|Reeve Conover presents|
| WEEKLY QUOTE
“It takes a long time to grow young.”
– Pablo Picasso
Try to pay for nights out with cash. Dinner and a movie might turn into a $150 night on the town; why pay 14% interest on the memory?
There are 2 nouns in the English language that become men’s names when you capitalize them – and when you capitalize them, you alter their pronunciation. Name either or both of these 2 nouns, both of which end in ‘b’.
Last week’s riddle:
Last week’s answer:
Neither. When they roll by each other, they will be the same distance from the east coast.
| August 1, 2011
A HINT OF COMPROMISE, A SIGN OF WEAKNESS
MIXED CONSUMER CONFIDENCE READINGS
The final July Reuters/University of Michigan consumer sentiment survey came in at 63.7, the lowest reading since March 2009. However, the Conference Board’s July survey came in 1.9 points higher than June at 59.5.5,6
GOLD & OIL GO IN DIFFERENT DIRECTIONS
REAL ESTATE INDICATORS LOOK MIXED
DEBT IMPASSE TAKES TOLL ON STOCKS
THIS WEEK: Monday offers the July ISM manufacturing index and earnings from Honda, Allstate and Humana. Tuesday, the consumer spending numbers for June are available along with 2Q results out of Pfizer, CBS, Barclays, Molson Coors and Toyota. Wednesday we have ISM’s July service sector index, news about June factory orders and earnings from MasterCard, Comcast and Time Warner. Thursday brings weekly jobless claims plus results from General Motors, Adidas, Unilever, CIGNA, CVS, Kraft, DirecTV and Southwest Airlines. The July unemployment figures are issued Friday, and Berkshire Hathaway, Viacom, Allianz and Procter & Gamble all come out with 2Q results.
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|Reev’se DislosureThis material was prepared by MarketingLibrary.Net Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. It is not possible to invest directly in an index. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world’s largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals, with trading conducted through two divisions – the NYMEX Division, home to the energy, platinum, and palladium markets, and the COMEX Division, on which all other metals trade. Additional risks are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. All information is believed to be from reliable sources; however we make no representation as to its completeness or accuracy. All economic and performance data is historical and not indicative of future results. Market indices discussed are unmanaged. Investors cannot invest in unmanaged indices. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional.
1 – marketwatch.com/story/house-passes-bill-to-raise-debt-ceiling-2011-07-29-1827320 [7/29/11]
2 – cnbc.com/id/43946958
3 – huffingtonpost.com/2011/07/29/democrats-narrow-targets-_n_913725.html [7/29/11]
4 – cnbc.com/id/43941459/ [7/29/11]
5 – bloomberg.com/news/2011-07-29/michigan-consumer-sentiment-index-fell-to-63-7-in-july-from-71-5-in-june.html [7/29/11]
6 – conference-board.org/data/consumerconfidence.cfm [7/26/11]
7 – blogs.wsj.com/marketbeat/2011/07/29/data-points-energy-metals-503/ [7/29/11]
8 – seattletimes.nwsource.com/html/businesstechnology/2015732200_homeprices27.html [7/26/11]
9 – blogs.wsj.com/developments/2011/07/28/behind-the-numbers-pending-home-sales-rise/ [7/28/11]
10 – blogs.wsj.com/marketbeat/2011/07/29/data-points-u-s-markets-34/ [7/29/11]
11 – usatoday.com/money/index [7/29/11]
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12 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F29%2F10&x=0&y=0 [7/29/11]
12 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F28%2F06&x=0&y=0 [7/29/11]
12 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F28%2F06&x=0&y=0 [7/29/11]
12 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F28%2F06&x=0&y=0 [7/29/11]
12 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F30%2F01&x=0&y=0 [7/29/11]
12 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F30%2F01&x=0&y=0 [7/29/11]
12 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F2%30F01&x=0&y=0 [7/29/11]
13 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [7/29/11]
13 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [7/29/11]
14 – treasurydirect.gov/instit/annceresult/press/preanre/2001/ofm71101.pdf [7/11/01]
15 -montoyaregistry.com/Financial-Market.aspx?financial-market=inheriting-an-ira&category=22 [7/31/11]