Fiscal cliff smiscal cliff. All this hoopla reminds me of the breathless media’s treatment of Europe and its fiscal issues over the last couple of years …
- Cool! Thanks for sharing. I always find your writing interesting and insightful – as I’m sure many others do as well. “Party on Garth” as the old saying goes!
The above response is from Tango, the writer who asked me to explain more thoroughly my strategy of trading the same stock repeatedly. I thank him for the compliment, as I always like a compliment, but more than that, I want to emphasize the healthy spirit of his directive.
On any given day, or in perpetuity, the world can be a dark and dreary place, if we let it be. My suggestion is to laugh a lot, have more fun than not, and let a lot of what passes as “serious” simply drift by. Yes, Tango, I for one will “party on,” as I continue to see the positive economic data as signposts to a healthier economic world and I continue to make my work in the market.
- American companies are poised to put idle cash to work as demand rebounds in 2013 after spending slumped amid the slowdown in China and Europe’s recession.
- Manufacturers project they will invest more next year than this year, according to the Institute for Supply Management’s semiannual survey released yesterday. Orders for capital equipment excluding defense and aircraft rose 2.9 percent in October, the biggest increase since February, Commerce Department data showed Nov. 27.
- A survey conducted by American Express Co. from Nov. 12 to Nov. 21 showed similar positive outlooks. Seventy-five percent of senior finance executives polled forecast sales will grow in 2013, and 69 percent project profits will improve. A majority, 59 percent, plan to invest to drive growth.
- Retail sales rose in November in a sign that steady job creation is adding momentum to consumer spending in the fourth quarter. Sales rose 0.3 percent, the Commerce Department said on Thursday. A separate measure of sales that strips out automobiles, gasoline and building materials rose a more healthy 0.5 percent.
- The number of Americans filing new claims for unemployment benefits fell for a fourth straight week last week, pointing to steady healing in the labor market. Initial claims for state unemployment benefits dropped 29,000 to a seasonally adjusted 343,000.
The next two bullet points are signposts for making your money work. Opportunity is here now and more of it will come as the cycle turns, once again, to the upside and holds for a while.
- CVS Caremark Corp is looking at changes in U.S. healthcare as an opportunity to serve more customers, whether they are picking up prescriptions, getting them through the mail, or stopping by an in-house MinuteClinic for a checkup.
- Netscape founder and venture capitalist, Marc Andreessen said publicly held technology stocks were trading at the biggest discount to industrials since the 1970s.
Trade in the day; Invest in your life …
