Economics
This Week’s Data
The April Chicago purchasing managers index came in at 56.2 versus expectations of 60.6.
http://www.calculatedriskblog.com/2012/04/chicago-pmi-declines-to-562.html
The April Dallas Fed’s manufacturing survey was reported at -3.4 versus estimates of +8.0 and March’s reading of +10.6.
Other
The fiscal cliff may occur before 1/1/13 (short):
http://www.ritholtz.com/blog/2012/04/is-the-fiscal-cliff-coming-before-the-election/
Money can buy happiness:
http://www.zerohedge.com/news/money-can-buy-happiness
Is the contract language of credit default swaps about to change (short):
http://www.zerohedge.com/news/isda-about-be-forced-cave
Weekly gasoline update (short):
http://advisorperspectives.com/dshort/updates/Gasoline-Update.php
Politics
Domestic
Romney on bin Laden (medium):
http://campaign2012.washingtonexaminer.com/article/what-romney-said-about-bin-laden/507496
News on Stocks in Our Portfolios
More quarterly earnings per share reports:
Reported Expected
Emerson Electric $.74 $.80
Becton Dickinson 1.38 1.38
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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