|John J. Barrios, CFP® Presents:|
WEEKLY ECONOMIC UPDATE
“There is nothing in a caterpillar that tells you it’s going to be a butterfly.”
– Buckminster Fuller
Self-employed? Have your accountant look at your balance sheet and profit-and-loss statement before 2011 ends. Some tax-saving strategies may come to mind, and an up-to-date set of books means less work for your tax preparer.
Trains travel from one town to another town all day, always on the same track, always going nonstop and at the same speed. The noon train took 80 minutes to complete the trip, but the 4 PM train took an hour and 20 minutes. Why?
Last week’s riddle:
Last week’s answer:
Indiana (Indianapolis) and Oklahoma (Oklahoma City).
|October 17, 2011
RETAIL SALES JUMP MOST IN 7 MONTHS
UMICH SENTIMENT SURVEY SHOWS A DECLINE
GOLD & OIL REBOUND IMPRESSIVELY
DOW, NASDAQ GET BACK IN THE BLACK FOR 2011
THIS WEEK: Wall Street teems with earnings reports. Monday, we have 3Q results from IBM, Wells Fargo, Hasbro, Charles Schwab, Gannett, Halliburton, Stanley Black & Decker and Citigroup, plus a report on September industrial output. Tuesday, we also have earnings from Coca-Cola, Johnson & Johnson, Apple, Intel, Goldman Sachs, Bank of America, Yahoo! and CSX, and the PPI for September comes out; additionally, Federal Reserve Chairman Ben Bernanke speaks at the Boston Fed and Treasury Secretary Timothy Geithner testifies before the Senate. Wednesday offers earnings from Morgan Stanley, Western Digital, Travelers, BNY Mellon, E*TRADE, AmEx and eBay; a new Fed Beige Book comes out, the September CPI is released and we also have data on September housing starts. Thursday, 3Q results roll in from Microsoft, AT&T, Chipotle, SanDisk, Nokia, AutoNation, Eli Lilly, McGraw-Hill and Capital One, along with September’s existing home sales numbers, new initial claims figures and the Conference Board’s latest LEI. Friday, earnings reports arrive from McDonald’s, GE, Honeywell and Verizon.
Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly.
These returns do not include dividends.
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|John Barrios is registered to offer securities through First Heartland Capital, Inc. Member FINRA & SIPC, and offer advisory services through First Heartland Consultants, Inc. Barrios Financial Services is not affiliated with First Heartland Capital, Inc.
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2 – blogs.wsj.com/marketbeat/2011/10/14/consumer-sentiment-weaker-than-expected-stocks-shrug-it-off/ [10/14/11]
3 – blogs.wsj.com/marketbeat/2011/10/14/data-points-energy-metals-526/ [10/14/11]
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6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F14%2F10&x=0&y=0 [10/14/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F13%2F06&x=0&y=0 [10/14/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F13%2F06&x=0&y=0 [10/14/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F13%2F06&x=0&y=0 [10/14/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=10%2F15%2F01&x=0&y=0 [10/14/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=10%2F15%2F01&x=0&y=0 [10/14/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=10%2F15%2F01&x=0&y=0 [10/14/11]
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8 – treasurydirect.gov/instit/annceresult/press/preanre/2001/ofm71101.pdf [7/11/01]