Investment & Finance Week in Review (Thread -Sept. 21 edition)

Weekly investment & finance thread ^ | Sept. 21, 2014 | Freeper Investors

[expat_panama]

Investment & Finance Week in Review (Thread -Sept. 21 edition)

Prices finally picked a direction and went for it  --topping a super week w/ metals collapsing, an FOMC meeting, Scottish Vote not to do anything, new IRS rules, stocks leaping, and the Alibaba IPO hype,

 

--and in the lull before the end of Q3 and beginning a new earnings season.

 

One thing at a time; metals finally broke in to newer lower levels as support folded, 

 

 

...and stock traders made up their minds deciding to respect the 50-day moving average support and rebound prices into what IBD calls "market in confirmed uptrend.

 

As long as we're charting our brains out here we have got to look at a set the PEW folks asked their internet visitors about.   (Kudus to Chgogal.  Again.) 

The 'News Quiz' (thread here) was meant to let folks see how they matched answers with others; here's the Q that raised our eyebrows:

 

 

 

...but what amazed Chgo & me was how few people got it right.  I mean, the fact that viewers scored worse than chimpanzees -picking at random-- means that the problem isn't lack of info, it's and excess of wrong info.

 

Kind of makes me wonder (1) which guess most people think stocks have been doing and (2) where they got that idea...

 

This is the thread where folks swap ideas on savings and investment --here's a list of popular investing links that freepers have posted here and tomorrow morning we'll go on with our--

Open invitation continues always for idea-input for the thread, this being a joint effort works well.   Keywords: financial, WallStreet, stockmarket, economy.

[expat_panama]

		Markets	Thursday, September 25, 2014
			yesterday	today
		stocks	up solid mixed volume	flat
		metals	fall back	new lows

Reports today:

Initial Claims
Continuing Claims
Durable Orders
Durable Goods -ex transportation
Natural Gas Inventories
 

[Wyatt's Torch]

But but but but MONEY PRINTING!!!!!

[Wyatt's Torch]

Initial claims 293K vs FC 300K

Durable goods -18.2% vs FC of -18% (note that huge Boeing order in last print)

[expat_panama]

huh, once again you've broadened my horizons and made me think  --but enough of my constant complaining & criticism.  QI devalues the dollar --we've sure heard that a lot but like you showed it's not true now and that's what I see since QI began:

If anything what I see is QI's come w/ the strong dollar, but really the whole picture is that the Fed is simply not into exchange rates, they do price stability.  They've been getting good at it (imho).

[expat_panama]

Durable goods -18.2%

Last mo. was +22.6%; stock futures tanking...

[Wyatt's Torch]

Boeing in last month not this month. In line (consensus was -18.0%)

[expat_panama]

Apple’s down 3%, support at the 50DMA holding.

[Wyatt's Torch]

My whole screen is red... Save VIX, WTI and GPRO

[expat_panama]

Yeah, mine too. Thinking that this evening IBD will announce ‘market in correction’ and tomorrow will see a great day for bargain-hunting.

[Chgogal]

PING me when the Trend once again becomes my Friend. : )

Nah, I am joking.

FYI, if you have not heard, PIMCO in being investigated by the SEC. Let me know if you need a link.

[expat_panama]

Thursday, September 25, 2014

	Markets		yesterday		today
	stocks		"Stock Indexes Plunge As Nasdaq, S&P 500 Lose 50-Day Lines"  but w/ volume mixed no correction.   Yet.		Futures @ 2.5 hrs. before opening.  +0.15%
	metals		gold rebound, silver off		Futuress +0.43%, now trading up.

Reports:

Time (ET)	Statistic	For	Briefing Forecast	Market Expects	Prior
8:30 AM	GDP - Third Estimate	Q2	4.60%	4.60%	4.20%
8:30 AM	GDP Deflator - Third Estimate	Q2	2.10%	2.10%	2.10%
9:55 AM	Michigan Sentiment - Final	Sep	84.6	85	84.6

 

[expat_panama]

....when the Trend once again becomes my Friend...

whoa   --thinking the same thing here!  Finally considered that freinds are folks we usually hang around unless they're upset and indecisive and we give them some space.  We still watch and listen to them and like to join them when they're into mountain climbing, and those times they prefer well, sky diving we're careful to dress differently...

[Wyatt's Torch]

Shocked to see GDP forecast at 4.6%...

It will be nice when the Q1/Q2 distortions are out of the way. Q3/4 should be relatively clean. Most estimates I’ve seen are for 2.5”ish percent growth in 3Q.

[expat_panama]

For better or for worse gov’t stats have become controversial. The public attacks the BLS and their CPI and Unempl Rate but imho that’s a leftwing scam to take the focus off crimes committed by Census gov. I was highly suspect when the ‘09 Commerce Dept. changed the deflator to make the ‘08 GDP negative by a hundredth of a percent, but by and large I’d say the BEA was ok like the BLS.

Of course the NBER cycle dates are flat out frauds though.

[expat_panama]

GDP forecast at 4.6%.

Huh.  Finals came out as per forecast.

[Wyatt's Torch]

Finals came out as per forecast.

#Unexpected

[Wyatt's Torch]

In case you didn’t see Bill gross is leaving PIMCO and going to Janus.

[Wyatt's Torch]

:-0

[Wyatt's Torch]

A bit of smoother (h/t Justin Wolfers)

[catfish1957]

Shocked to see GDP forecast at 4.6%...

Utter BS!!!!! I have been watching the economy for nearly my whole life (over 50 years), and what we are seeing now is NOT indicative of a boom.