|John J Barrio, CFP® Presents:
“It is better to be absolutely ridiculous then absolutely boring.”
Don’t “fake it to make it” – that is, don’t live as if you are wealthy to create a perception of success. This is a very good way to get into debt, and to live according to your wants instead of your needs or goals.
Wilson, Xavier, Yolanda, and Zach are standing in line at the market. See if you can figure out their order from these clues: Yolanda is between Wilson and Xavier, Zach is next to Wilson, and Xavier is not first.
Last week’s riddle:
Last week’s answer:
None – there is no dirt at all in the hole you have dug.
|June 27, 2011
PEAK HOMEBUYING SEASON, BUT FEWER HOME SALES
IEA RELEASE SHIFTS SENTIMENT IN OIL MARKET
Thursday, the International Energy Agency decided that major oil-producing countries should release oil from their reserves to address a global shortfall. The U.S. will supply half of the 60 million barrels from its Strategic Petroleum Reserve, with the balance coming from nations in Europe and Asia. On Friday, oil futures in Europe slipped about 8% and settled at a four-month low; U.S. oil futures lost only 2.4% on the week and settled at $91.16 a barrel on the NYMEX.3
POSITIVE SIGNALS FOR BUSINESS INVESTMENT
NASDAQ GLIDES THROUGH VOLATILE WEEK
THIS WEEK: Monday, we get the Commerce Department’s report on consumer spending for May, plus earnings from Nike. Tuesday offers the April edition of the S&P Case-Shiller home price index and the Conference Board’s June look at consumer confidence. Wednesday, we have 2Q results from General Mills, Family Dollar, KB Home and Monsanto plus the NAR’s report on May pending home sales. June ends on Thursday, and QE2 ends with it; of course, the latest initial and continuing claims figures will be released. Friday, July begins with the University of Michigan’s final June consumer sentiment survey, the June ISM manufacturing index, and data on May construction spending.
Sources: cnbc.com, bigcharts.com, treasury.gov, treasurydirect.gov – 6/24/116,7,8,9
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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1 – money.cnn.com/2011/06/23/real_estate/new_home_sales/?section=money_latest [6/23/11]
2 – nytimes.com/2011/06/22/business/economy/22econ.html [6/22/11]
3 – bloomberg.com/news/2011-06-24/oil-fluctuates-in-n-y-on-u-s-durable-goods-orders-iea-reserve-release.html [6/24/11]
4 – marketwatch.com/story/us-durable-goods-orders-rise-19-for-may-2011-06-24 [6/24/11]
5 – marketwatch.com/story/business-investment-is-strengthening-2011-06-24 [6/24/11]
6 – cnbc.com/id/43528501 [6/24/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F24%2F10&x=0&y=0 [6/24/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F24%2F10&x=10&y=18 [6/24/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F24%2F10&x=0&y=0 [6/24/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F23%2F06&x=0&y=0 [6/24/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F23%2F06&x=0&y=0 [6/24/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F23%2F06&x=0&y=0 [6/24/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F25%2F01&x=0&y=0 [6/24/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F25%2F01&x=0&y=0 [6/24/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F25%2F01&x=0&y=0 [6/24/11]
8 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [6/24/11]
8 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [6/24/11]
9 – treasurydirect.gov/instit/annceresult/press/preanre/2001/ofm11001.pdf [1/10/01]
10 -montoyaregistry.com/Financial-Market.aspx?financial-market=tax-loss-harvesting&category=31 [6/26/11]