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No BS Weekly Update - October 24, 2011
What Might the Future Hold? |
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In This Issue
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Dear ,
We've made no secret of our belief that we are on the cusp of the next leg down of the Great Bear Market. But what then? Is that the end of the financial world? Is it all doom and gloom forever after that? Of course not!!!
As we've often said, in times of crisis there are tremendous opportunities created for those who are prepared!
What might some of those opportunities be? For a look into what the future might hold I would suggest reading this column by Ambrose Evans-Pritchard, who we have cited before. He writes for The Telegraph in Great Britain.
(Click on image to go to article)
Can you imagine that? Energy independence. More manufacturing jobs instead of less. Hard to imagine isn't it? If you'd like to know why that is, read the article, it's too in depth for me to do it justice by summarizing it for you here.
The point is, we have been preparing for such a time as this. With our understanding of demographics as well as long term cycles in the economy, we believe we have developed a plan that will not only help protect your wealth in these turbulent times but also help position you to take advantage of some of the opportunities that will be created as a result of this crisis. If you'd like to know more, give us a call!
ECONOMIC CALENDAR:
Monday - Empire State Mfg Survey, Industrial Production
Tuesday - Producer Price Index, Treasury International Capital, Housing Market Index, Ben Bernanke Speaks at 1:15 PM ET
Wednesday -Consumer Price Index, Housing Starts, EIA Petroleum Status Report, Beige Book
Thursday - Jobless Claims, Existing Home Sales, Philadelphia Fed Survey, Leading Indicators
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Performance 
 Notes: All index returns exclude reinvested dividends, and the 5-year and 10-year returns are annualized. Sources: Yahoo! Finance, MSCI Barra. Past performance is no guarantee of future results. Indices are unmanaged and cannot be invested into directly. N/A means not available. |
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Headlines
Earnings season is in full swing as the week ahead includes reports from nearly half of the Dow's 30 components, including Intel, McDonald's, and General Electric, and 96 members of the S&P 500 including, Apple, Southwest Airlines, and Chipotle Mexican Grill. S&P 500 company earnings are expected to have climbed 23% in the third quarter of 2011, according to earnings tracker Thomson Reuters. Revenues of the companies in the benchmark index are expected to have risen 10%.[4]
France and Germany have less than a week of frantic negotiation ahead to resolve key differences on a "comprehensive plan" to end the Eurozone sovereign debt crisis after the world's leading finance ministers put the ball firmly in their court over the weekend. The Group of 20 richest nations told the Eurozone that by the European summit next Sunday it should: agree on the losses the private sector should take on Greek debt; arrange a credible plan for the recapitalization of Europe's banks; and install a firewall to protect other countries from Greece's woes.[5]
Throngs of Apple fans lined up in the wee hours Friday outside the company's flagship store in Manhattan to be among the first to get their hands on the new iPhone 4S. Two hours before Apple's new smartphone was slated to go on sale, hundreds of aspiring buyers filled the plaza outside the Fifth Avenue glass cube, echoing scenes that had already played out earlier in the day in Australia, Japan, Germany, France, and other Apple stores around the world.[6]
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"The man is richest whose pleasures are cheapest."
- Henry David Thoreau
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Speedy Paella 
From: Better Homes and Gardens
If you love paella, try this irresistible recipe twist. Simply toss together scallops, plum tomatoes, and shrimp with rice, peas, corn, and carrots. Serves 4.
Ingredients:
1 10-oz. pkg. frozen long grain white rice with vegetables (peas, corn, and carrots)
1 Tbsp. cooking oil
1/2 lb. fresh sea scallops, (halve large scallops)
1/2 lb. cooked, peeled, deveined shrimp
4 plum tomatoes, coarsely chopped
Ground black pepper
Chopped fresh parsley (optional)
Directions:
1) Prepare rice according to microwave package directions.
2) Meanwhile, in large skillet heat cooking oil over medium heat. Add scallops to hot oil in skillet; cook 3 minutes or until scallops are opaque. Add shrimp and tomatoes; heat through.
3) Transfer rice to bowl; stir in turmeric. Spoon seafood-tomato mixture over rice; lightly toss. Season to taste with salt and pepper. Sprinkle fresh parsley.
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HEALTH TIP OF THE WEEK: Lose the Lint Taking two seconds to empty the lint trap in your clothes dryer can prevent you from being one of the 315 dryer-fire victims each year in the United States. |
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Share the Wealth of Knowledge!
Please share this market update with family, friends, or colleagues. If you would like us to add them to our list, simply click on the "Forward email" link below. We love being introduced!
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Securities offered through Foothill Securities, Inc. Member FINRA/SIPC.
Reames Financial is not an affiliate of Foothill Securities, Inc.
Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.
The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.
The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The DJIA was invented by Charles Dow back in 1896.
The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) that serves as a benchmark of the performance in major international equity markets as represented by 21 major MSCI indexes from Europe, Australia and Southeast Asia.
The 10-year Treasury Note represents debt owed by the United States Treasury to the public. Since the U.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market.
Google Finance is the source for any reference to the performance of an index between two specific periods.
Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
Past performance does not guarantee future results.
You cannot invest directly in an index.
Consult your financial professional before making any investment decision.
Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.
These are the views of Reames Financial and not necessarily those of Foothill Securities, Inc., and should not be construed as investment advice. Neither Phil Reames, Reames Financial, nor Foothill Securities, Inc. gives tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. Please consult your financial advisor for further information.
By clicking on these links, you will leave our server as they are located on another server. We have not independently verified the information available through this link. The link is provided to you as a matter of interest. Please click on the links below to leave and proceed to the selected site.
[1] http://www.google.com/hostednews/ap/article/ALeqM5g2jVJQwTAzQj4jEVjyUF4D-rBE2A?docId=50f584fc1fb6437e966b30df232971ea
[2] http://www.ibtimes.com/articles/222945/20110930/markets-rates-central-banks-stocks-politics-q4.htm?cid=2
[3] http://www.stocktradersalmanac.com/sta/home.do
[4] http://money.cnn.com/2011/10/14/markets/stocks_lookahead/index.htm?iid=HP_LN
[5] http://www.ft.com/intl/cms/s/0/52e9c856-f815-11e0-a419-00144feab49a.html#axzz1aynePlqB
[6] http://money.cnn.com/2011/10/12/technology/iphone_4s/index.htm?iid=HP_River
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Phil Reames
Reames Financial 1856 Skyler Dr. Kalamazoo, MI 49008 269-349-3966
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