The International Fund sold one half of its position in EWC
Dividend Growth: GLD, TGT, CME, IBM, SIAL,
High Yield: GLD, CATO, SNY, FII,
Aggressive Growth Portfolio: GLD, SEIC, LOW, APH,
International; GLD, EWC,
All In: GLD, CME, APH, MDVN (Medivation),
Economics
This Week’s Data
The International Council of Shopping Centers reported weekly sales of major retailers fell 0.2% versus the prior week but rose 2.7% versus the comparable period a year ago; Redbook Research reported month to date retail chain store sales down 0.1% versus the similar timeframe last month but up 4.2% on a year over year basis.
The Case Shiller July home price index improved modestly.
The September Conference Board’s index of consumer confidence came in at 45.4 versus estimates of 47.0 and August’s reading of 44.5.
Weekly mortgage applications rose 9.3%, while purchase applications were up 2.1%.
http://www.calculatedriskblog.com/2011/09/mba-mortgage-purchase-application-index_28.html
August durable goods orders fell 0.1% versus expectations of a 0.2% increase.
Other
Martin Feldstein on the EU’s problems (medium):
http://www.project-syndicate.org/commentary/feldstein40/English
ASA weekly staffing index (short):
http://mjperry.blogspot.com/2011/09/asa-staffing-index-reaches-ytd-high.html
For the pessimists. This is long but a very good read.
http://www.zerohedge.com/news/guest-post-its-long-hard-road
Politics
Domestic
Senator Pat Toomey on tax reform and the super committee (4 minute video):
http://www.clubforgrowth.org/perm/?postID=15572
Solyndra up date (short):
http://www.powerlineblog.com/archives/2011/09/solyndra-update.php
International
Is China really a currency manipulator? (short):
http://scottgrannis.blogspot.com/2011/09/china-is-not-currency-manipulator.html
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