Tuesday, June 19, 2012

Morning Journal-The terrible state of retirement funding


This Week’s Data

May housing starts were off 1% versus expectations of a slight rise.


Bank lending continues to grow (medium):

The latest from Nouriel Roubini (medium):

Weekly update on gasoline prices (short):

And Brent-WTI spread (short):



The sorry state of pension and health insurance plan funding for retirees. If you are at or close to retirement, you absolutely have to read this (medium):

International War Against Radical Islam

More on the Egyptian elections from Stratfor (4 minute video):

News on Stocks in Our Portfolios

Oracle reported its fourth fiscal quarter’s earnings per share of $.82 versus expectations of $.78. It also announced a $10 billion stock buyback.

Walgreen reported its third fiscal quarter’s earnings per share of $.62 versus estimates of $.63. It raised its dividend by 22.5%.

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.