Friday, October 14, 2011

Morning Journal 10/14/11

News on Stocks in Our Portfolios

Fastenal reported third quarter earnings per share of $.33, in line with expectations.


This Week’s Data

September retail sales rose 1.1% versus expectations of an increase of 0.7%; ex autos, sales were up 0.6% versus estimates of up 0.3%--at first blush, very positive numbers and nothing indicative of a recession.


A free floating yuan? Be careful what you wish for (medium):

Boomer demographics (medium):

Foreigners are dumping US Treasuries (medium):

Exports are rising (short):



International War Against Radical Islam

Forget the Arab Spring, we may be looking at a cold, hard winter (medium):