“Experience is a dear teacher, but fools will learn at no other.”
– Ben Franklin
Starting a small business? A written plan is handy for forecasting, risk management and raising capital. A written plan is far preferable to one you keep in your head.
What can run but never walks, has a mouth but never eats, has a head but never thinks, and has a bed but never sleeps?
Last week’s riddle:
Last week’s answer:
People in 1861 wouldn’t have known it was the first Battle of Bull Run (the second occurred in 1862). Also, Stonewall Jackson fought for the Confederacy, which referred to the battle First Manassas.
November 7, 2011
JOBLESS RATE DECREASES TO 9.0%
BOTH ISM INDICES MOVE LOWER
GOLD & OIL POST WEEKLY GAINS
GREEK THEATRE PREOCCUPIES WALL STREET
THIS WEEK: No major economic releases are slated for Monday; we do have results from Priceline and SYSCO. Eurozone finance ministers conclude their meeting in Brussels on Tuesday, and Toyota presents earnings. Wednesday, Ben Bernanke speaks at a Federal Reserve conference on small business; earnings come in from GM, Anheuser Busch, HSBC, Cisco, Green Mountain, Ralph Lauren, Macy’s and Wendy’s. Thursday we have earnings from Viacom, Kohl’s, Disney and Nordstrom; Ben Bernanke speaks at an El Paso town hall. Friday is Veterans Day: banks are closed, markets are open, and the initial October University of Michigan consumer sentiment survey arrives plus earnings from D.R. Horton.
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1 – www.bloomberg.com/news/2011-11-04/u-s-payrolls-increased-by-80-000-in-october-as-jobless-rate-falls-to-9-.html [11/4/11]
2 – www.ism.ws/ISMReport/NonMfgROB.cfm [11/3/11]
3 – blogs.wsj.com/marketbeat/2011/11/04/data-points-energy-metals-529/ [11/4/11]
4 – montoyaregistry.com/Financial-Market.aspx?financial-market=financial-planning-and-wealth-management&category=4 [11/4/11]
5 – www.cnbc.com/id/45166675 [11/4/11]
6 – www.cnbc.com/id/45163231 [11/4/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F4%2F10&x=0&y=0 [11/4/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F4F2%2F10&x=10&y=18 [11/4/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F4%2F10&x=0&y=0 [11/4/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F3%2F06&x=0&y=0 [11/4/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F3%2F06&x=0&y=0 [11/4/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F3%2F06&x=0&y=0 [11/4/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F5%2F01&x=0&y=0 [11/4/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F5%2F01&x=0&y=0 [11/4/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F5%2F01&x=0&y=0 [11/4/11]
8 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [11/4/11]
8 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [11/4/11]
9 – treasurydirect.gov/instit/annceresult/press/preanre/2001/ofm71101.pdf [7/11/01]