Wednesday, September 28, 2011

Morning Journal 9/28/11

CNBC $1 million Challenge

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),


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%.

August durable goods orders fell 0.1% versus expectations of a 0.2% increase.


Martin Feldstein on the EU’s problems (medium):

ASA weekly staffing index (short):

For the pessimists. This is long but a very good read.



Senator Pat Toomey on tax reform and the super committee (4 minute video):

Solyndra up date (short):


Is China really a currency manipulator? (short):