Morning Journal--Fixing Wall Street from Sheila Bair

 News on Stocks in Our Portfolios

 

Leggett & Platt (LEG): Q3 EPS of $0.45 beats by $0.06. Revenue of $980M (+4.4% Y/Y) in-line.

Economics

   This Week’s Data

            The October Dallas Fed manufacturing index was reported at 1.8 versus expectations of 2.0.

   Other

            An update on M2 (short/medium):

            http://scottgrannis.blogspot.com/2012/10/money-demand-continues-to-rise.html

            Weekly update on gasoline (short):

            http://advisorperspectives.com/dshort/updates/Gasoline-Update.php

            Update on ‘Dr. Copper’ (short):

            http://advisorperspectives.com/dshort/guest/Chris-Kimble-121029-Copper-Update.php

Politics

  Domestic

Five steps to fix Wall Street from Sheila Bair (short and today’s must read):

http://www.ritholtz.com/blog/2012/10/bair-5-steps-to-fix-wall-street/