Daily investment & finance thread (TUESDAY 5-4-13 edition)

5-4-13

[dennisw]

Daily investment & finance thread (TUESDAY 5-4-13 edition) ----  
Trying to focus on the markets for today and each day and the economic news
This is where you can exchange some investment opinions and advice 

If you see another FR economic thread you like and want to link to it here, please do
Post your favorite economic site links. Your favorite economic blogs and precious metals blogs and sites

Ping list -- on or off let me know here or via freep-mail. If I missed you then Freep-mail me
I might ping you to other interesting economic threads a few times a week. One per day maybe

Sites that posters have recommended ------ 

hot stuff here Rush Limbaugh quotes them sometimes
http://www.zerohedge.com 

Precious Metals
http://www.tfmetalsreport.com
http://www.Apmex.com

The Markets....
http://seekingalpha.com/
http://www.dailystocks.com/
http://www.gainerstoday.com/
http://www.gainerstoday.com/
http://www.realclearmarkets.com/
http://247wallst.com/
http://www.decisionmoose.com/
http://www.market-ticker.org/

Dividends...
http://dividendsvalue.com/
http://www.dividends4life.com/
http://www.dividendyieldhunter.com/
http://www.dividendstocksonline.com/
http://www.dividenddetective.com/
http://dividendstocks4income.com/
http://www.dividendgrowthinvestor.com/

“Drip-ing”...
http://dripinvesting.org/tools/tools.asp

CPA’s....
http://www.aicpa.org

Gold, Out of the Box Thinking etc...
http://www.davejanda.com/
https://www.everbank.com/
http://dailypfennig.com/
http://theeconomiccollapseblog.com/
http://globaleconomicanalysis.blogspot.com/
http://www.marketoracle.co.uk/

Oil and Gas Industry
http://fuelfix.com/
http://www.theoildrum.com/
http://www.petroleumnews.com/cgi-bin/start.cgi/homeauto.html

Treasury Basics..
http://www.treasurydirect.gov/BC/SBCPrice

[dennisw]

ping

[TexGrill]

When I post articles my only real alternative is to use the News/Activism link. Is it poosible when I get to that page, we add a “Business/Economy” selection?

[Attention Surplus Disorder]

In my unsupported, shallow, and ignorant opinion....the market has seen its’ high for the year.

[A.A. Cunningham]

March 4th was a Monday.

[expat_panama]

In my unsupported, shallow, and ignorant opinion....the market has seen its’ high for the year.

The opinion's ok, but if you think it needs more support, depth, and info then how about this:

--institutions have begun a heavy sell off,

--IBD switched views from 'confirmed rally' to 'market under pressure',

--the current aging rally is marked with new highs with lower volume while price dips show volume surges.

Now you can say your opinion is supported in depth and informed, although we still don't know for sure what's happening next...

[Attention Surplus Disorder]

“we still don’t know for sure”

No, of course we never do. To be sure; though....

There is STILL no place else to go than stocks...and the direction of rates, esp the TNX, make munis look bad, make junk debt look bad (see: IQI, HYG)
And so...will they make 4% yielding stocks also look bad..?

Corpses who claimed “it can’t go any higher” abound.

It looked this way at the onset of all prior correction in this rally, and most of them were a piddly 2-3%..you were VERY well paid for sitting with a little tummy problem.

OTOH, fundys do not look that great, drop in lumber prices, no real improvement in housing, etc.

Question is, do we get that “coyote over the cliff” moment when we look down and see nothing but air while dancing out on an imaginary platform of deteriorating macro?

This is a data-heavy week. But, I’ll stick w/my stmt without trying to beat anyone over the head with it.

[Lurkina.n.Learnin]

” —institutions have begun a heavy sell off,”

Who were the buyers? Heavy sell offs require buyers.

[expat_panama]

Who were the buyers? Heavy sell offs require buyers.

Excellent point --I have to laugh when I hear people talk about stuff like "too much selling & not enough buying" as if there could be one without the other.  What we got is that prices have been falling w/ increased volume---

---and since most stocks are owned by institutions (even though most trades are executed by individuals) it usually means big institutional investors have decided to sell holdings to individuals or smaller firms.  That's hard to do, it takes a long series of sales to finish off a big position so it means the drop we got has more to come later.

[Lurkina.n.Learnin]

That makes sense. I always scratch my head when they talk about “everybody “ is running for the door. Everybody isn’t possible.

[expat_panama]

It points out another myth we hear a lot about how the little guy doesn’t stand a chance against the big guy. Hogwash.

When a stock sours the little guy dumps in the blink of an eye while the dinosaur has to work on it for days. Used to be that the big time trader had an economy of scale, he could hire a staff of researchers or pay for an expensive telecom line. We’re now in the info age where that advantage is now open to all.