Vacation meant missing last week's wonderful FED fiasco, as we continue to Duck the Ukraine, which is for the birds. When Iraq rolls back the markets, you can bet those with general market losses will Crimea river, which may be good for gold and silver. Don't you just love making more worthless dollars in paper silver stocks like SLV, or miners, on the misery and death of others? Me too, I have to start relooking at defense stocks like Blockhead Marvin, and No-onegrumblin, and MarvinMarietta, jaunty alloowetta. How I love the smell of napalm in the morning, Duvall of you too I imagine. This was the week that was:
Jun 16 8:30 AM Empire Manufacturing Jun 19.3 14.0 12.8 19.0 -
Jun 16 9:00 AM Net Long-Term TIC Flows Apr -$24.2B NA NA $4.1B $4.0B
Jun 16 9:15 AM Industrial Production May 0.6% 0.7% 0.5% -0.3% -0.6%
Jun 16 9:15 AM Capacity Utilization May 79.1% 79.0% 78.9% 78.9% 78.6%
Jun 16 10:00 AM NAHB Housing Market Index Jun 49 46 46 45 -
Jun 17 8:30 AM Housing Starts May 1001K 1000K 1028K 1071K 1072K
Jun 17 8:30 AM Building Permits May 991K 1060K 1050K 1059K 1080K
Jun 17 8:30 AM CPI May 0.4% 0.2% 0.2% 0.3% -
Jun 17 8:30 AM Core CPI May 0.3% 0.1% 0.2% 0.2% -
Jun 18 7:00 AM MBA Mortgage Index 06/14 -9.2% NA NA +10.3% -
Jun 18 8:30 AM Current Account Balance Q1 -$111.2B -$98.5B -$97.8B -$87.3B -$81.1B
Jun 18 10:30 AM Crude Inventories 06/14 -0.579M NA NA -2.596M -
Jun 18 2:00 PM FOMC Rate Decision Jun 0.25% NA NA 0.25% -
Jun 19 8:30 AM Initial Claims 06/14 312K 310K 313K 318K 317K
Jun 19 8:30 AM Continuing Claims 06/07 2561K 2625K 2638K 2615K 2614K
Jun 19 10:00 AM Philadelphia Fed Jun 17.8 13.0 13.4 15.4 -
Jun 19 10:00 AM Leading Indicators May 0.5% 0.5% 0.5% 0.3% 0.4%
Jun 19 10:30 AM Natural Gas Inventories 06/14 113 bcf NA NA 107 bcf -
With last week's FOMC a distant wisp of a memory, Yellen the dove talked what we all know, at least, all of us who can reason know, the following: If joehomeownertoB has lost 26% buying power since 9/11 ($57.5K salary then, minus $6K NUMERICALLY, minus about $8K in inflation that doesn't count in the CPI like food and fuel), you've got to keep mortgage rates, and hence irates, low enough to make up SOME of the difference to keep reflating home prices--FOREVER), THEN--THAT is BULLISH for gold and silver. Hence the 5% pop the next day.
If you think that's good, wait till we get out to about Feb 2015 and we blow over the irate pops she supposedly has waiting in the wings for us then. Here's hoping, since we only garner prosperity by trashing the paper dollar, so we're exporting everything to everyone, eventually, for nothing.
See how that works? No? Me Neither, but you don't point your sails opposite the wind. It's liable to blow upyourazz. GLTA
Jun 23 10:00 AM Existing Home Sales May - NA NA 4.65M -
Jun 24 9:00 AM Case-Shiller 20-city Index Apr - NA NA 12.4% -
Jun 24 9:00 AM FHFA Housing Price Index Apr - NA NA 0.7% -
Jun 24 10:00 AM New Home Sales May - NA NA 433K -
Jun 24 10:00 AM Consumer Confidence Jun - NA NA 83.0 -
Jun 25 7:00 AM MBA Mortgage Index 06/21 - NA NA -9.2% -
Jun 25 8:30 AM Durable Orders May - NA NA 0.6% 0.8%
Jun 25 8:30 AM Durable Goods -ex transportation May - NA NA 0.3% 0.1%
Jun 25 8:30 AM GDP - Third Estimate Q1 - NA NA -1.0% -
Jun 25 8:30 AM GDP Deflator - Third Estimate Q1 - NA NA 1.3% -
Jun 25 10:30 AM Crude Inventories 06/21 - NA NA -0.579M -
Jun 26 8:30 AM Initial Claims 06/21 - NA NA 312K -
Jun 26 8:30 AM Continuing Claims 06/14 - NA NA 2561K -
Jun 26 8:30 AM Personal Income May - NA NA 0.3% -
Jun 26 8:30 AM Personal Spending May - NA NA -0.1% -
Jun 26 8:30 AM PCE Prices - Core May - NA NA 0.2% -
Jun 26 10:30 AM Natural Gas Inventories 06/21 - NA NA 113 bcf -
Jun 27 9:55 AM Michigan Sentiment - Final Jun - NA NA 81.2 -
Blather by Yellen Madam Chairman Rate Popper the First, "while improved, the lackluster jobs created past two years have us wondering if, while inflation stays low, interest rates should be "adjusted". The Fed will need to see three quarters of inflation, not one month, before reacting. Meantime, lop another 10B in buying power off of the bond buying program, and see you next March when I blathered about hiking rates a quarter point, some two months ago in off the cuff remarks I will regret to my dying day"
So shorts, line up to get burned again.
Vince already explained the timing of the new subscription venture, damned if he did it, damned if he didn't.
and rapes joesixpac, as the Fed meets to throw more gasoline on the fire. If oil goes up, the APL resource becomes more valuable.
See how that should work?
See how that should work? This morning, the Fed meets, and we'll get the cringe before the binge in the general market, but the Fed has promised to keep irates low for at least another ten months--so the market will get antsy as the roar of the stupid at the leaderschit of the value of money blunders along, scraping the last vestige from the ten cents the dollar is worth in forty scant years.
Talk about throwing tschit on the wall to see if it sticks. This is a speculative investment kiddies, if you don't know what you got into last year, you shouldn't be investing in stocks at all.
What bulltschit. We'll see what happens, which is absolutely nothing. Vince lost $400,000,000 equity when the stock tanked. Who does HE sue?
Folks need to learn to do math AND read a financial calendar. Ex div was 6/11, that means the day you can buy the stock WITHOUT the 1% per quarter dividend. As it was, the dividend disappeared into the stock price without a whimper from the stock, which should have opened 12 cents lower 6/11.
I'll be hunting for my dividend 6/25 when it's payable.