Tuesday, March 13, 2012

Morning Journal-The other side of employment


Economics
This Week’s Data


February retail sales rose 1.1% versus expectations of up 1.3%; ex autos sales were up 0.9% in line with estimates.

Other

Two more positive employment indices (short):
http://mjperry.blogspot.com/2012/03/employment-trends-index-reaches-35-year.html
http://mjperry.blogspot.com/2012/03/monster-employment-index-gains-11-in.html

The other side of the employment picture (medium and today’s must read):
http://advisorperspectives.com/dshort/guest/Lance-Roberts-120312-Employment-Report-and-the-Market.php

Oil priced in gold (short):
http://mjperry.blogspot.com/2012/03/measured-in-gold-price-of-oil-is-below.html

Gasoline prices; like you don’t already know what this chart looks like (short):
http://advisorperspectives.com/dshort/updates/Gasoline-Update.php

Financial repression is here to stay (medium):
http://www.bloomberg.com/news/2012-03-11/financial-repression-has-come-back-to-stay-carmen-m-reinhart.html

Politics

Domestic


The right to state funded sex (medium):
http://www.ocregister.com/opinion/fluke-343935-sex-right.html

Federal government control of education (medium):
http://www.jewishworldreview.com/cols/will031112.php3

The audacity of MF Global executive bonuses (short):
http://www.zerohedge.com/news/guest-post-audacity-bonuses-mf-global

International War Against Radical Islam

Stay out of Syrian politics (long):
http://www.nationalreview.com/articles/293103/let-syria-be-andrew-c-mccarthy

News on Stocks in Our Portfolios

Earnings per share reports:

Reported Expected

Sun Hydraulic $.24 $.28
FactSet Research 1.14 1.11


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.