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Weekely economic update october 22 2012

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Investment and economic update by Major League Investments regarding investment news, stocks, bonds, precious metals and trends by Michael Finer and Gary Coon

Investment and economic update by Major League Investments regarding investment news, stocks, bonds, precious metals and trends by Michael Finer and Gary Coon

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  • 1. Major League Investments, Inc. Presents: WEEKLY ECONOMIC UPDATE October 22, 2012WEEKLY QUOTE HOME SALES DECLINE, BUT HOUSING STARTS RISE 15%"Never worry about The National Association of Realtors recorded a 1.7% decrease in existing homenumbers. Help one sales in September. Reduced inventory might have played a role. The amount ofperson 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; itperson nearest you." hasnt been so high since 2005. Septembers 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. 1,2WEEKLY TIP PUMP PRICES DRIVE UP CPIIf you need to upgrade Thanks largely to a 7% jump in gas prices, the federal governments Consumer Pricebusiness equipment, Index rose 0.6% in September. Still, the core CPI rose just 0.1% for the thirdconsider making such straight month, and food prices rose only 0.1%. Annualized inflation came in atcapital purchases now 2.0%.3to exploit thegenerous 2012 Section RETAIL SALES IMPROVE 1.1%179 deduction limit While the overall September gain announced by the Commerce Department wasand 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%. 4allowance. AFTER FRIDAY DIVE, STOCKS STILL LOG WEEKLY GAIN Thanks mostly to earnings disappointments, the 25th anniversary of Black MondayWEEKLY RIDDLE turned out to be a harsh day for Wall Street. The Dow sank 205.43 Friday, yet theHolly finds herself in week was mixed - S&P 500, +0.32% to 1,433.19; NASDAQ, -1.26% toa room without 3,005.62; DJIA, +0.11% to 13,343.51. NYMEX crude settled at $90.05 Friday, downwindows, holes or 1.97% for the week; COMEX gold settled at $1,724.00 Friday after a 2.03% weeklyeven cracks in the descent. That put oil down 8.88% YTD and gold up 10.03% YTD. 1,5walls. She doesnthave any tools and the THIS WEEK: Hasbro, Caterpillar, Yahoo!, Peabody Energy and Texasdoor to the room is 4" Instruments all offer Q3 results on Monday. Tuesday, earnings reports fromthick and made of DuPont, Amgen, 3M, Xerox, Netflix, Facebook and UPS arrive. Wednesday, thesteel. Using only her Census Bureau has numbers on September new home sales, the Fed wraps up ahands, 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. Ondoorway. 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 Q3Last weeks 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 haveall his fingers on onehand? % CHANGE Y-T-D 1-YR CHG 5-YR AVG 10-YR AVG DJIA +9.22 +15.98 -0.26 +6.03Last weeks answer:Normal. A normal man NASDAQ +15.37 +15.42 +2.06 +13.34does not have all ten ofhis 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 adviceprovided in this communication is not intended or written to be used, and it cannot be used by the recipientor any other taxpayer (i) for the purpose of avoiding tax penalties that may be imposed non the recipient orany other taxpayer, or (ii) in promoting, marketing, or recommending to another party a partnership orother 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 theiraffiliates. 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 anyFederal tax penalty. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQComposite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association ofSecurities Dealers Automated Quotation System. The Standard & Poors 500 (S&P 500) is an unmanaged group of securities consideredto 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 ArchipelagoExchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market dataproducts and services. The New York Mercantile Exchange, Inc. (NYMEX) is the worlds largest physical commodity futures exchangeand 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 areassociated with international investing, such as currency fluctuations, political and economic instability and differences in accountingstandards. All information is believed to be from reliable sources; however we make no representation as to its completeness oraccuracy. 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 professionalservices. 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]
  • 3. 8 - treasurydirect.gov/instit/annceresult/press/preanre/2002/ofm71002.pdf [7/10/02] Major League Investments, Inc. 530 Loring Ave Suite 302, Salem, MA 01970 Phone: 978-740-1011 michael.finer@majorleagueinvest.com

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