“The greatest discovery of my generation is that human beings can alter their lives by altering their attitudes.”
– Lee Iacocca
Take a look at your withholding. It might be wise to adjust it before the end of the year, especially if you make estimated tax payments (and even if you don’t).
In a drawer are six pairs of red socks, four pairs of white socks and five pairs of blue socks. In total darkness, how many socks would you have to grab to be certain you had a matching pair?
Last week’s riddle:
Last week’s answer:
A baseball team.
August 29, 2011
COULD SEPTEMBER BRING ANOTHER STIMULUS?
NEW HOME SALES DECLINE, BUT HOME PRICES GO UP
The Census Bureau announced a 0.7% drop in new home sales in July; sales were up 6.8% from a year ago. The average sale price was $272,300, with 6.6 months of inventory on the market. Overall U.S. home prices rose 0.9% in June, said the Federal Housing Finance Agency (the best 1-month gain since September 2005).2,3
SURPRISE! DURABLE GOODS ORDERS RISE 4.0%
CONSUMERS PERCEIVE TOUGH TIMES
BEST WEEK FOR STOCKS SINCE JUNE
THIS WEEK: Monday, the numbers come out on July consumer spending, and we also get a report on June pending home sales. Tuesday offers June’s Case-Shiller home price index and the Conference Board’s August snapshot of consumer confidence. July factory orders data comes out on Wednesday. In addition to weekly jobless claims figures, Thursday brings ISM’s August manufacturing index. On Friday morning, the July unemployment report is released.
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|Reeve Conovers Disclosure:
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.
1 – cnbc.com/id/44286314 [8/26/11]
2 – census.gov/const/newressales.pdf [8/23/11]
3 – bloomberg.com/news/2011-08-24/orders-for-durable-goods-in-u-s-increase-4-twice-as-much-as-estimated.html [8/24/11]
4 – businessweek.com/news/2011-08-26/u-s-michigan-consumer-sentiment-index-slumped-in-august.html [8/25/11]
5 – cnbc.com/id/44285944 [8/26/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F26%2F10&x=0&y=0 [8/26/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F26%2F10&x=10&y=18 [8/26/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F26%2F10&x=0&y=0 [8/26/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F25%2F06&x=0&y=0 [8/26/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F25%2F06&x=0&y=0 [8/26/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F25%2F06&x=0&y=0 [8/26/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F27%2F01&x=0&y=0 [8/26/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F127%2F01&x=0&y=0 [8/26/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F27%2F01&x=0&y=0 [8/26/11]
7 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [8/26/11]
7 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [8/26/11]
8 – treasurydirect.gov/instit/annceresult/press/preanre/2001/ofm71101.pdf [7/11/01]
9 – montoyaregistry.com/Financial-Market.aspx?financial-market=wealth-planning-using-the-stretch-ira-strategy&category=4 [8/28/11]