This Week’s Data
The April Institute for Supply Management’s nonmanufacturing index was reported at 53.5 versus expectations of 56.0.
April retail sales increases came one half of estimates.
April nonfarm payrolls were reported at 115,000 versus forecasts of 159,000; however, the prior two months were revised up. Counting the revisions, the number would have been flat. The unemployment rate was 8.1% versus expectations of 8.2%.
Update on the Pulse of Commerce index (short):
Another optimist on the economy (medium):
A Fed smack down from David Einhorn (medium/long):
And from Ron Paul (medium):
A review of the gentleman managing the executive branch (medium):
The following four part series produced by the Heritage Foundation provides a close look at the federal budget. Each series is fairly short and laden with charts to illustrate key yet simple points. These are today’s must reads especially for those who are bullish on the economy
The math on spending:
The math on revenues:
The math on deficits:
The math on entitlement spending:
Is Europe in a depression (medium):
If not, will it soon be? (medium):
Forget Europe says Hugh Hendry; worry about China (medium):
12 predictions on China (medium):
Letters from Abbottabad (OBL):
Thoughts on Investing--New Rules of Money courtesy of Forbes
#13 Piggyback Smarter Investors
There is no shame in copying the moves of better investors or industry insiders you respect. The best professional investors do this. Check out who the other owners are of stocks in the Berkshire Hathaway portfolio. It’s a laundry list of top flight funds. The SEC’s 13F filings will keep you abreast of recent investments by smart money players. Websites including www.marketfolly.com and www.gurufocus.com regularly update readers on hedge fund moves. Another site, www.insiders.com, tracks insider buying and selling.
News on Stocks in Our Portfolios
More quarterly earnings per share reports:
CF Industries $5.54 $4.87
Strategic Stock Investments is to help other investors build wealth and benefit from the investing lessons he learned the hard way.