|John J. Barrios, CFP® Presents:
“Life is an adventure in forgiveness.”
– Norman Cousins
If 2012 is a year in which you start a business, remember three essentials to have on hand: an emergency fund, a year’s worth of operating capital and the support of your spouse or partner.
They are sometimes stomped on, yet they can also be very tasty and sweet. What are they?
Last week’s riddle:
Last week’s answer:
He is a baseball player who has just hit a home run. The masked men are the umpire and the other team’s catcher.
|December 26, 2011
PAYROLL TAX HOLIDAY EXTENDED FOR 2 MONTHS
GAINS IN HARD GOODS ORDERS, CONSUMER SPENDING
November’s consumer spending increase was tiny: 0.1%. Wages advanced just 0.1% as well. However, last month also saw a 3.8% rise in durable goods orders (the best month for that indicator since July).2,3
IMPROVED HOME SALES, HOUSING STARTS
CONSUMERS FEELING MERRIER
A YEAR-END RALLY GETS ROLLING
Stocks showed definite momentum last week. The 5-day performances: DJIA, +3.60% to 12,294.00: NASDAQ, +2.48% to 2,618.64; S&P 500, +3.74% to 1,265.33. At the close on Friday, oil settled at $99.68 on the NYMEX, gold closed at $1,606.00 on the COMEX, retail gasoline prices had fallen 2.15% in the past 30 days and natural gas futures were at lows unseen in four years.2,5
THIS WEEK: No major economic releases are on tap for Monday, Wednesday or Friday. Tuesday, the October edition of the S&P/Case-Shiller home price index arrives plus the Conference Board’s newest consumer confidence poll. Thursday, the National Association of Realtors issues its November report on pending home sales and we get the latest initial claims figures.
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/2011/12/23/news/economy/payroll_tax_cut_deal/ [12/23/11]
2 – money.msn.com/market-news/post.aspx?post=ef94fe40-0c3a-4fc1-bbe6-e6f3f7345f37 [12/23/11]
3 – www.businessweek.com/news/2011-12-23/sales-of-u-s-new-homes-in-november-rise-to-315-000-rate.html [12/23/11]
4 – www.reuters.com/article/2011/12/22/us-usa-economy-sentiment-idUSTRE7BL0YR20111222 [12/13/11]
5 – montoyaregistry.com/Financial-Market.aspx?financial-market=retirement-investment-funds&category=3 [12/23/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F23%2F10&x=0&y=0 [12/23/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F23F2%2F10&x=10&y=18 [12/23/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F23%2F10&x=0&y=0 [12/23/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F22%2F06&x=0&y=0 [12/23/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F22%2F06&x=0&y=0 [12/23/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F22%2F06&x=0&y=0 [12/23/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F24%2F01&x=0&y=0 [12/23/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F24%2F01&x=0&y=0 [12/23/11]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F24%2F01&x=0&y=0 [12/23/11]
7 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [12/23/11]
7 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [12/23/11]
8 – treasurydirect.gov/instit/annceresult/press/preanre/2001/ofm71101.pdf [7/11/01]