Kim & Darren Presents:
“Success is how high you bounce when you hit bottom.”
- George S. Patton
New parents can sometimes spend a little too much on cute and trendy stuff. Here’s a test: will the item improve the quality of care for your baby? If not, leave it at the store.
Five girls took part in a bicycle race. Barbara finished before Vicki but behind Susan. Katarina finished before Sara but behind Vicki. In what order did they finish?
Last week’s riddle:
You need to park a car for the weekend. You find a parking space signed “2-Hour Parking M-F, 8am-6pm” with no other restrictions. You call the city and find that overnight parking is allowed on this block. So, what is the maximum amount of time you can leave your car in this space without getting a ticket?
Last week’s answer:
66 hours. You can park in the space from 4pm Friday until 10am Monday.
May 28, 2012
CONSUMER CONFIDENCE HIGHEST SINCE 2007
In a tense week for investors, some promising news emerged: the closely watched Thomson Reuters/University of Michigan consumer sentiment index came in with a final reading of 79.3 for May – the ninth straight monthly improvement. May’s 3.8% gain brought the index to a peak unseen since October 2007. The survey’s current conditions index rose 5.2% in May to 87.2, the best reading in that category since January 2008.1
HOMEBUYING PICKS UP
DURABLE GOODS ORDERS INCREASE 0.2%
The overall April gain refuted the forecast of economists polled by MarketWatch – they felt orders would decrease 0.4% after a revised 3.7% drop for March. However, hard goods orders did fall 0.6% in April with transportation orders factored out.3
STOCKS MANAGE GAINS
For much of the week, Wall Street’s collective mind was on two things: ongoing capital flight from European banks and the risk of Greece exiting the euro. Thanks to some positive data stateside, and despite the debut of social media giant Facebook (down 17.4% in its first week as a publicly traded company), stocks broke a 3-week losing streak. The numbers across five trading days: S&P 500, +1.74% to 1,317.82; DJIA, +0.69% to 12,454.83; NASDAQ, +2.11% to 2,837.53. NYMEX crude (-0.68% for the week) settled at $90.86 Friday while COMEX gold (-1.44% on the week) settled at $1,568.90.4
THIS WEEK: Monday is Memorial Day, so U.S. equity and bond markets will be closed. Tuesday brings the March edition of the S&P/Case-Shiller Home Price Index and the Conference Board’s snapshot of May consumer confidence. The NAR puts out its report on April pending home sales on Wednesday while TiVo issues Q1 results. Thursday, investors will check the latest initial jobless claims figures and react to the second estimate of Q1 GDP from the BEA. Friday is big: in one market day, we get the May unemployment report from the Labor Department, April’s consumer spending numbers from the Commerce Department, ISM’s April manufacturing survey and data on April construction spending and May auto sales.
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This material was prepared by MarketingLibrary.Net Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. Marketing Library.Net Inc. is not affiliated with any broker or brokerage firm that may be providing this information to you. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities consider ed to be representative of the stock market in general. It is not possible to invest directly in an index. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals, with trading conducted through two divisions – the NYMEX Division, home to the energy, platinum, and palladium markets, and the COMEX Division, on which all other metals trade. Additional risks are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. All information is believed to be from reliable sources; however we make no representation as to its completeness or accuracy. All economic and performance data is historical and not indicative of future results. Market indices discussed are unmanaged. Investors cannot invest in unmanaged indices. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional.
1 - thomsonreuters.com/content/financial/pdf/i_and_a/438965/gains_in_confidence_depends_on_job_growth.pdf [5/25/12]
2 - www.cbsnews.com/8301-500395_162-57439946/solid-rise-in-new-home-sales/ [5/23/12]
3 - articles.marketwatch.com/2012-05-24/economy/31831869_1_orders-for-long-lasting-goods-aircraft-and-parts-orders-durable-goods-orders [5/25/12]
4 - money.msn.com/market-news/post.aspx?post=84efdd91-09d9-46c5-befa-9110478068c4 [5/25/12]
5 - montoyaregistry.com/Financial-Market.aspx?financial-market=common-financial-mistakes-and-how-to-avoid-them&category=29 [5/25/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F25%2F11&x=0&y=0 [5/25/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F25%2F11&x=0&y=0 [5/25/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F25%2F11&x=0&y=0 [5/25/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F25%2F07&x=0&y=0 [5/25/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F25%2F07&x=0&y=0 [5/25/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F25%2F07&x=0&y=0 [5/25/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=5%2F24%2F02&x=0&y=0 [5/25/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=5%2F24%2F02&x=0&y=0 [5/25/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=5%2F24%2F02&x=0&y=0 [5/25/12]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [5/25/12]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [5/25/12]
8 - treasurydirect.gov/instit/annceresult/press/preanre/2002/ofm10902.pdf [1/9/02]
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