“The path to success is to take massive, determined action.”
– Tony Robbins
Take a look at your insurance policy and read the fine print about long-term or progressive illness in case you or a loved one are one day diagnosed with Alzheimer’s Disease, Parkinson’s Disease or other forms of neurological disease.
They have no bodies, but you could say they have tails and heads. What are they?
Last week’s riddle:
What is the beginning of sorrow and the end of sickness? Something you cannot express happiness without? Something that is always in risk, but never in danger?
Last week’s answer:
The letter S.
April 23, 2012
WHAT HELD UP HOMEBUYING LAST MONTH?
The National Association of Realtors said existing home sales fell 2.6% for March. A 1.3% drop in inventory for the month might have been a factor, and mild weather in January and February may have helped homes that would have sold in March sell earlier. Warmer January and February temperatures may have also skewed the numbers for housing starts: the Commerce Department said they slipped 5.8% in March. Now for some good news: building permits rose 4.5% last month to the best pace since September 2008, and Freddie Mac had interest rates on 30-year fixed rate home loans averaging just 3.90% last week.1,2
RETAIL SALES UP 0.8% IN MARCH
LEADING INDICATORS BACK TO MID-2008 LEVELS
The Conference Board’s index of leading indicators reached 95.7 in March, getting closer to the 100 mark that would imply a healthy economy. The index rose 0.3% for the month with seven of ten indicators positive; interest rate spreads, building permits, stock gains and credit availability were the biggest influences.4
DOW BREAKS LOSING STREAK, GOLD PULLS BACK
Across April 16-20, the Dow gained 1.40% to 13,029.26 (its first weekly advance in three weeks), the NASDAQ lost 0.36% to 3,000.45 and the S&P 500 gained 0.60% to 1,378.53. Gold futures fell $17.00 (1.02%) on the week, settling Friday at $1,642.10; oil ended the week at $103.05 after a 0.21% gain across five trading days.5,6,7
THIS WEEK: Monday, ConocoPhillips, Hasbro, Xerox, DR Horton, Netflix and Texas Instruments announce Q1 results. Tuesday, earnings from Apple, Baidu, AT&T, 3M, US Steel, Amgen and Aflac are out plus the latest Case-Shiller home price index and data on March’s new home sales. On Wednesday, earnings reports roll in from Sprint, Boeing, Caterpillar, Eli Lilly, AutoNation, Delta, Credit Suisse, Motorola Solutions, GlaxoSmithKline and Akamai, March durable goods data is out, and the Fed makes a policy statement. Thursday, the NAR gives us its latest pending home sales report, new initial claims figures are in, and results from Barclays, Pulte, Amazon.com, Bristol-Myers Squibb, Chrysler, ExxonMobil, PepsiCo, Royal Dutch Shell, Starbucks and Zynga round out the day. Friday, Chevron, Procter &Gamble and Merck offer Q1 results, and the BEA’s first estimate of Q1 GDP appears plus the final April consumer sentiment survey out of the University of Michigan.
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1 – www.omaha.com/article/20120419/AP/120419584 [4/19/12]
2 – www.cnbc.com/id/47072035 [4/17/12]
3 – www.businessweek.com/ap/2012-04/D9U6251O0.htm [4/20/12]
4 – www.foxnews.com/us/2012/04/19/gauge-us-economy-rose-03-percent-in-march/ [4/19/12]
5 – blogs.wsj.com/marketbeat/2012/04/20/data-points-u-s-markets-93/ [4/20/12]
6 – montoyaregistry.com/Financial-Market.aspx?financial-market=common-financial-mistakes-and-how-to-avoid-them&category=29 [4/20/12]
7 – blogs.wsj.com/marketbeat/2012/04/20/data-points-energy-metals-555/ [4/20/12]
8 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F20%2F11&x=0&y=0 [4/20/12]
8 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F20%2F11&x=0&y=0 [4/20/12]
8 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F20%2F11&x=0&y=0 [4/20/12]
8 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F20%2F07&x=0&y=0 [4/20/12]
8 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F20%2F07&x=0&y=0 [4/20/12]
8 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F20%2F07&x=0&y=0 [4/20/12]
8 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=4%2F19%2F02&x=0&y=0 [4/20/12]
8 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=4%2F19%2F02&x=0&y=0 [4/20/12]
8 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=4%2F19%2F02&x=0&y=0 [4/20/12]
9 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [4/20/12]
9 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [4/20/12]
10 – treasurydirect.gov/instit/annceresult/press/preanre/2002/ofm10902.pdf [1/9/02]