Reeve Conover Presents:
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WEEKLY QUOTE “Heroes are not known by the loftiness of their carriage; the greatest braggarts are generally the merest cowards.”
– Jean-Jacques Rousseau
WEEKLY TIP Think of making a three-pronged attack on future college expenses. Assets from a 529 plan or other form of college savings fund can be complemented by cash flow from parents and financial aid, scholarships or loans the student may apply for as the time comes.
WEEKLY RIDDLE It has 18 legs, is uniformed, walks and runs on grass and artificial turf, and catches flies. What is it?
Last week’s riddle:
Last week’s answer: The letter E. |
August 22, 2011
rISING GAS PRICES KEY FACTOR IN INFLATION SPIKE EXISTING HOME SALES DECLINE IN JULY The National Association of Realtors noted a 3.5% fall in residential resales for July. While the rate of existing home sales hit an 8-month low last month, sales in July were still up 21% from a year ago (the federal homebuying credit expired in July 2010). The median sale price was $174,400, down 4.4% from a year ago.3 $1,800 Gold is here; OIL MOVES LOWER GAINS IN INDUSTRIAL OUTPUT, LEADING INDICATORS STOCKS UNDER PRESSURE THIS WEEK: Nothing major is scheduled out of Washington or the private sector for Monday. Tuesday, July new home sales figures come out and Heinz has 2Q results. Wednesday, we get news about July’s durable goods orders, plus earnings from Toll Brothers and TiVo. Thursday brings weekly jobless claims and earnings from Hormel. Friday, we have the second estimate of 2Q GDP and the final August consumer sentiment survey from the University of Michigan; Federal Reserve chairman Ben Bernanke will also speak at the Fed’s Jackson Hole, WY symposium.
Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. |
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«RepresentativeDisclosure»
This 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. Citations. 1 – forbes.com/sites/afontevecchia/2011/08/18/cpi-jumps-stoking-fears-of-stagflation/ [8/18/11] 2 – reuters.com/article/2011/08/17/businesspro-us-usa-markets-tips-idUSTRE77G2TS20110817 [8/17/11] 3 – marketwatch.com/story/sales-of-existing-homes-fall-35-in-july-2011-08-18-1011410 [8/18/11] 4 – cnbc.com/id/44197669 [8/19/11] 5 – cnbc.com/id/44197671 [8/19/11] 6 – conference-board.org/data/bcicountry.cfm?cid=1 [8/19/11] 7 – reuters.com/article/2011/08/16/usa-economy-idUSN1E77F0B620110816 [8/16/11] 8 – cnbc.com/id/44202341 [8/19/11] 9 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F19%2F10&x=0&y=0 [8/19/11] 9 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F19%2F10&x=10&y=18 [8/19/11] 9 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F19%2F10&x=0&y=0 [8/19/11] 9 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F18%2F06&x=0&y=0 [8/19/11] 9 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F18%2F06&x=0&y=0 [8/19/11] 9 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F18%2F06&x=0&y=0 [8/19/11] 9 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F20%2F01&x=0&y=0 [8/19/11] 9 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F120%2F01&x=0&y=0 [8/19/11] 9 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F20%2F01&x=0&y=0 [8/19/11] 10 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [8/19/11] 10 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [8/19/11] 11 – treasurydirect.gov/instit/annceresult/press/preanre/2001/ofm71101.pdf [7/11/01] 12 – montoyaregistry.com/Financial-Market.aspx?financial-market=the-financial-security-rulebook-5-crucial-steps&category=3 [8/20/11] |
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