Friday, March 02, 2012

Morning Journal - Greece and the CDS market


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.

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%.


Goldman reduces outlook for first quarter 2012 growth (short):

An in depth look at the CDS market and the impact that the Greek bail out could have (medium):

Central banks now investing reserves in stocks (medium):


International War Against Radical Islam

Pipeline attacked in Saudi Arabia; though at the moment, the Saudis’ are denying it (short):

The Afghan mistake (medium):,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.