Economics
This Week’s Data
The February Institute for Supply Management’s manufacturing index was reported at 52.4 versus expectations of 54.6 and January’s reading of 54.1.
http://www.capitalspectator.com/archives/2012/03/ism_index_manuf.html#more
January construction spending fell 0.1% versus estimates of a rise of 0.7%.
February auto sales rose to 15.1 million units (+ 6.5%) versus forecasts of 14.4 million units.
February retail chain store sales rose a robust 5%.
Other
Goldman reduces outlook for first quarter 2012 growth (short):
http://www.zerohedge.com/news/goldman-lowers-q1-gdp-second-time-one-day
An in depth look at the CDS market and the impact that the Greek bail out could have (medium):
http://blogs.reuters.com/felix-salmon/2012/02/29/how-greeces-default-could-kill-the-sovereign-cds-market/
Central banks now investing reserves in stocks (medium):
http://www.zerohedge.com/news/next-leg-ponzi-revealed-central-banks-begin-buying-us-stocks-outright-starting-today
Politics
Domestic
International War Against Radical Islam
Pipeline attacked in Saudi Arabia; though at the moment, the Saudis’ are denying it (short):
http://www.zerohedge.com/news/saudi-oil-pipelines-destroyed-explosion-sends-crude-soaring
The Afghan mistake (medium):
http://www.chicagotribune.com/news/columnists/ct-oped-0301-chapman-20120301,0,616176.column
Steve Cook received his education in investments from Harvard, where he earned an MBA, New York University, where he did post graduate work in economics and financial analysis and the CFA Institute, where he earned the Chartered Financial Analysts designation in 1973. His 40 years of investment experience includes institutional portfolio management at Scudder, Stevens and Clark and Bear Stearns. Steve's goal at Strategic Stock Investments is to help other investors build wealth and benefit from the investing lessons he learned the hard way.
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