Investing for Survival

The Morning Call

10/28/13

The Market

           

    Technical

      Monday Morning Chartology

   

            The S&P is go on all trends; if the Dow follows suit, we may get another big leg up in stocks.

            The long Treasury is trending up on a very short term basis and has broken above its 50 day moving average---both positives.  It remains in an intermediate term downtrend.

            http://www.zerohedge.com/news/2013-10-27/bofaml-warns-us-10y-yields-have-reached-massive-resistance

           

            GLD is behaving nicely again, having busted out of a very short term downtrend and above its 50 day moving average and negated a developing head and shoulders formation.  It remains within its short and intermediate term downtrends.

            The VIX remains within a one year trading range, though clearly it is near the lower boundary.

    Fundamental

    

            

  News on Stocks in Our Portfolios

AbbVie beats by $0.04

·                                 AbbVie (ABBV): Q3 EPS of $0.82 beats by $0.04.

·                                 Revenue of $4.66B beats by $0.14B.

|

UPS beats by $0.01

·                                 UPS (UPS): Q3 EPS of $1.16 beats by $0.01.

·                                 Revenue of $13.5B (+3.4% Y/Y) misses by $0.1B.

 |7:46 A

Economics

   This Week’s Data

   Other

            Rediscovering the price of money (medium and today’s must read):

            http://www.zerohedge.com/news/2013-10-27/guest-post-rediscovering-price-money-when-things-cant-get-any-worse

            Central bank hubris (medium):

            http://www.zerohedge.com/news/2013-10-27/behold-face-central-banker-hubris

Politics

  Domestic

The travesty of ethanol (short):

http://www.aei-ideas.org/2013/10/quotation-of-the-day-on-ethanol-one-of-the-great-political-boondoggles-of-our-time-and-its-dangerous-and-delusional/

Monday morning humor (3 minute video):

http://www.zerohedge.com/news/2013-10-27/hitler-finds-out-about-obamacare-exchange-problems

  International War Against Radical Islam

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 Investing For Survival is to help other investors build wealth and benefit from the investing lessons he learned the hard way.