“For immediate release
Information received since the Federal Open Market Committee met in July suggests that economic activity has been expanding at a moderate pace. Some indicators of labor market conditions have shown further improvement in recent months, but the unemployment rate remains elevated. Household spending and business fixed investment advanced, and the housing sector has been strengthening, but mortgage rates have risen further and fiscal policy is restraining economic growth. Apart from fluctuations due to changes in energy prices, inflation has been running below the Committee’s longer-run objective, but longer-term inflation expectations have remained stable.(more)
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The
collapse of Socialism is unfolding before everyone’s eyes – they just
ignore it. In the states they manipulate the CPI to render inflation
irrelevant and impossible. In Spain, they now will stop indexing
pensions altogether because they cannot create a fake CPI as the US
does. There will no longer be any automatic link to inflation from 2014
onwards for Spanish Pensions. Thus, the Spanish government wants to save
33 billion euros in ten years. The retirement age for the time being
remains at 65 years for now but there are discussions about raising that
to 70 in the EU as a whole behind closed doors in Brussels.
After trading sideways for about (3) months, GMCR formed a solid
resistance at $82 (green). That previous resistance was a 52-week high
breakout when the stock broke up through it, and now it should act as
support if the stock were to pull back down to it. In addition, the
stock has been climbing a long trendline of support (blue) since
January. If GMCR were to fall below $82, that trendline would be the
next major level of support.
A recent CBO report came out with a rather sobering outlook of our
governmental spending habits. The word “unsustainable” is probably not
something you want uttered in a report about meeting a budget. Yet that
has been our recent trajectory when it comes to spending. The massive
financial crisis and subsequent bailouts have resulted in a 
Legendary
investor John Templeton died in 2008, leaving behind a set of investing
maxims that are still followed by the managers of Templeton funds. As
an investor, Templeton was a contrarian by nature.
VVUS has basically been trading in a wide range throughout the year.
During the last three or four months the stock had been bouncing within a
common pattern known as a rectangle. Rectangle patterns form when a
stock bounces between a horizontal support and resistance. A minimum of
(2) successful tests of the support and (2) successful tests of the
resistance will give you the pattern. VVUS's rectangle pattern had
formed a $15 resistance (red) and a $12 support (blue). Now that the
stock has broken its rectangle support, the next level down would be $10
(navy).