Investment and economic update by Major League Investments regarding investment news, stocks, bonds, precious metals and trends by Michael Finer and Gary Coon
Uae-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Ra...
Weekely economic update october 22 2012
1. Major League Investments, Inc. Presents:
WEEKLY ECONOMIC UPDATE
October 22, 2012
WEEKLY QUOTE HOME SALES DECLINE, BUT HOUSING STARTS RISE 15%
"Never worry about The National Association of Realtors recorded a 1.7% decrease in existing home
numbers. Help one sales in September. Reduced inventory might have played a role. The amount of
person at a time and homes on the market fell to a 5.9-month supply, a low unseen since March 2006.
always start with the The median home price was $183,900 in September, up 11.3% from a year ago; it
person nearest you." hasn't been so high since 2005. September's 15.0% leap in homebuilding took
housing starts to an annual rate of 872,000 units, the best pace since July 2008 and
- Mother Teresa a 34.8% increase since September 2012. 1,2
WEEKLY TIP PUMP PRICES DRIVE UP CPI
If you need to upgrade Thanks largely to a 7% jump in gas prices, the federal government's Consumer Price
business equipment, Index rose 0.6% in September. Still, the core CPI rose just 0.1% for the third
consider making such straight month, and food prices rose only 0.1%. Annualized inflation came in at
capital purchases now 2.0%.3
to exploit the
generous 2012 Section RETAIL SALES IMPROVE 1.1%
179 deduction limit While the overall September gain announced by the Commerce Department was
and first-year bonus strong, the really notable number was the 0.9% rise in sales aside from gasoline,
depreciation autos, and building materials. Electronics sales alone rose 4.5%.
4
allowance.
AFTER FRIDAY DIVE, STOCKS STILL LOG WEEKLY GAIN
Thanks mostly to earnings disappointments, the 25th anniversary of Black Monday
WEEKLY RIDDLE turned out to be a harsh day for Wall Street. The Dow sank 205.43 Friday, yet the
Holly finds herself in week was mixed - S&P 500, +0.32% to 1,433.19; NASDAQ, -1.26% to
a room without 3,005.62; DJIA, +0.11% to 13,343.51. NYMEX crude settled at $90.05 Friday, down
windows, holes or 1.97% for the week; COMEX gold settled at $1,724.00 Friday after a 2.03% weekly
even cracks in the descent. That put oil down 8.88% YTD and gold up 10.03% YTD. 1,5
walls. She doesn't
have any tools and the THIS WEEK: Hasbro, Caterpillar, Yahoo!, Peabody Energy and Texas
door to the room is 4" Instruments all offer Q3 results on Monday. Tuesday, earnings reports from
thick and made of DuPont, Amgen, 3M, Xerox, Netflix, Facebook and UPS arrive. Wednesday, the
steel. Using only her Census Bureau has numbers on September new home sales, the Fed wraps up a
hands, she manages to policy meeting, the August FHFA home price index appears and AT&T, Boeing,
escape through the Akamai, Zynga, Symantec, Eli Lilly and Bristol-Myers all report earnings. On
doorway. How does Thursday, we learn about September pending home sales and hard goods orders,
she do it? new initial jobless claims number are out, and AstraZeneca, ConocoPhillips, P&G,
Aetna, AutoNation, Credit Suisse, Dow Chemical, Pulte, Sprint, Apple, Altria,
2. Amazon.com, and Coinstar issue Q3 results. Friday brings the first estimate of Q3
Last week's riddle: GDP, the final University of Michigan consumer sentiment survey for the month,
What word describes a and earnings from Merck and Comcast.
man who does not have
all his fingers on one
hand? % CHANGE Y-T-D 1-YR CHG 5-YR AVG 10-YR AVG
DJIA +9.22 +15.98 -0.26 +6.03
Last week's answer:
Normal. A normal man NASDAQ +15.37 +15.42 +2.06 +13.34
does not have all ten of
his fingers on one hand. S&P 500 +13.96 +18.46 -0.90 +6.21
REAL YIELD 10/19 RATE 1 YR AGO 5 YRS AGO 10 YRS AGO
10 YR TIPS -0.71% 0.23% 2.09% 3.10%
Sources: money.msn.com, bigcharts.com, treasury.gov, treasurydirect.gov - 10/19/121,6,7,8
Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly.
These returns do not include dividends.
Please feel free to forward this article to family, friends or colleagues.
If you would like us to add them to our distribution list, please reply with their address.
We will contact them first and request their permission to add them to our list.
IRS Circular 230 Disclaimer: To ensure compliance with IRS Circular 230, any U.S. federal tax advice
provided in this communication is not intended or written to be used, and it cannot be used by the recipient
or any other taxpayer (i) for the purpose of avoiding tax penalties that may be imposed non the recipient or
any other taxpayer, or (ii) in promoting, marketing, or recommending to another party a partnership or
other entity, investment, arrangement or other transaction addressed herein.
This material was prepared by MarketingLibrary.Net Inc., and does not necessarily represent the views of the presenting party, nor their
affiliates. Marketing Library.Net Inc. is not affiliated with any broker or brokerage firm that may be providing this information to you.
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.
Citations.
1 - money.msn.com/market-news/post.aspx?post=8e931d01-f2df-44d5-b3e3-0b133a0ac6dd [10/19/12]
2 - www.inman.com/news/2012/10/17/housing-starts-82-percent-2009-trough [10/17/19]
3 - articles.latimes.com/2012/oct/17/business/la-fi-inflation-20121017 [10/17/12]
4 - www.reuters.com/article/2012/10/15/us-usa-economy-idUSBRE89E0RI20121015 [10/15/12]
5 - montoyaregistry.com/Financial-Market.aspx?financial-market=retirement-investment-funds&category=3 [10/19/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F19%2F11&x=0&y=0 [10/19/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F19%2F11&x=0&y=0 [10/19/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F19%2F11&x=0&y=0 [10/19/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F19%2F07&x=0&y=0 [10/19/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F19%2F07&x=0&y=0 [10/19/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F19%2F07&x=0&y=0 [10/19/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F18%2F02&x=0&y=0 [10/19/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F18%2F02&x=0&y=0 [10/19/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F18%2F02&x=0&y=0 [10/19/12]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [10/19/12]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [10/19/12]