Tuesday, June 26, 2012

Economic Update for the week of June 25th, 2012


WEEKLY ECONOMIC UPDATE


WEEKLY QUOTE
       
“If you spend too much time thinking about a thing, you’ll never get it done.”
   
- Bruce Lee
  

WEEKLY TIP
       
While scholarships are offered to students, no one offers a scholarship for retirement. Put your own retirement planning before any college planning (or risk moving in with your kids someday).  

  
WEEKLY RIDDLE
    
It can be told and made, and cracked and played – and yet, it is only spoken. What is it?
 
 
Last week’s riddle:
I can’t walk, but at times I run and I am very difficult to hide. I am always with you. What am I?
  
Last week’s answer:
Your nose.


June 25, 2012
    
WALL STREET FINDS THE POSITIVE IN THE NEGATIVE
Moody’s Investors Service downgraded 15 major banks late last week, yet financial stocks rallied Friday – Wall Street was bracing for deeper cuts. Investors also liked a new accord in Europe – Germany joined France, Italy and Spain in support of a €130 billion stimulus plan to help EU economies in the face of coming austerity cuts. It could be approved at this week’s EU summit. Even with last Thursday’s Dow dive of more than 250 points, the DJIA is up about 2% for June.1
   
EXISTING HOME SALES FALL 1.5% in MAY
In the view of the National Association of Realtors, a lack of cheap inventory was behind the downturn. The sales pace in May was still 9.6% better than a year ago with the median price up 7.9% year-over-year to $182,600, a 2-year high. May housing starts fell to 708,000, down from April’s 744,000; building permits rose to 780,000 in May compared to April’s 723,000.2,3
   
LEADING INDICATORS BOUNCE BACK
The Conference Board’s June index of leading economic indicators rose 0.3% to 95.8, inching closer to the initial “normal” score of 100.0 that it was established with in 2004. The LEI was up 0.2% in March and down 0.1% in April.4
   
A VOLATILE WEEK TAKES DOW DOWN 1%
The DJIA lost 0.99%, to be precise; Friday, it settled at 12,640.78. The S&P 500 lost 0.58% for the week, closing Friday at 1,335.02. The NASDAQ pulled off a 0.68% weekly gain to get to 2,892.42. Oil dove 5.08% last week on the NYMEX to $79.76 a barrel; gold retreated 3.76% on the COMEX to $1,566.90 an ounce. Gas prices also fell slightly: AAA’s survey fell to $3.45 a gallon last week.1,5
   
THIS WEEK: A Supreme Court ruling on the Obama administration’s health care reforms could come as early as today ... or later this week. Monday will bring the May new home sales report. Tuesday, the April Case-Shiller Home Price Index and the Conference Board’s June consumer confidence survey appear plus earnings from H&R Block and CKE Restaurants. Earnings from Monsanto, Lennar and General Mills complement Wednesday’s releases on May durable goods orders and May pending home sales. Thursday, EU leaders meet for another summit on the debt crisis; also, the final read on Q1 GDP comes out along with new weekly jobless claims figures and earnings from Accenture, RiM, Family Dollar and Nike. Friday, May consumer spending data and June’s final University of Michigan consumer sentiment survey arrive plus earnings from KB Home and Constellation Brands.
  
% CHANGE
Y-T-D
1-YR CHG
5-YR AVG
10-YR AVG
DJIA
+3.46
+4.39
-1.08
+3.66
NASDAQ
+11.03
+8.36
+2.34
+10.07
S&P 500
+6.16
+3.72
-2.23
+3.50
REAL YIELD
6/22 RATE
1 YR AGO
5 YRS AGO
10 YRS AGO
10 YR TIPS
-0.42%
0.82%
2.70%
3.48%
 

Sources: money.msn.com, bigcharts.com, treasury.gov, treasurydirect.gov - 6/22/121,6,7,8
Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly.
These returns do not include dividends.


Please feel free to forward this article to family, friends or colleagues.
If you would like us to add them to our distribution list, please reply with their address.
We will contact them first and request their permission to add them to our list.


«RepresentativeDisclosure»

This material was prepared by MarketingLibrary.Net Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. Marketing Library.Net Inc. is not affiliated with any broker or brokerage firm that may be providing this information to you. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. It is not possible to invest directly in an index. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals, with trading conducted through two divisions – the NYMEX Division, home to the energy, platinum, and palladium markets, and the COMEX Division, on which all other metals trade. Additional risks are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. All information is believed to be from reliable sources; however we make no representation as to its completeness or accuracy. All economic and performance data is historical and not indicative of future results. Market indices discussed are unmanaged. Investors cannot invest in unmanaged indices. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional.

Citations.
1 - money.msn.com/market-news/post.aspx?post=95f998bd-6fbe-4de1-9b51-8cb1f437973a [6/22/12]
2 - articles.marketwatch.com/2012-06-21/economy/32343033_1_median-prices-prices-surge-home-sales [6/21/12]
3 - briefing.com/investor/calendars/economic/2012/06/18-22 [6/22/12]
4 - www.conference-board.org/data/bcicountry.cfm?cid=1 [6/21/12]
5 - montoyaregistry.com/Financial-Market.aspx?financial-market=common-financial-mistakes-and-how-to-avoid-them&category=29 [6/22/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F22%2F11&x=0&y=0 [6/22/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F22%2F11&x=0&y=0 [6/22/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F22%2F11&x=0&y=0 [6/22/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F22%2F07&x=0&y=0 [6/22/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F22%2F07&x=0&y=0 [6/22/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F22%2F07&x=0&y=0 [6/22/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F21%2F02&x=0&y=0 [6/22/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F21%2F02&x=0&y=0 [6/22/12]
6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F21%2F02&x=0&y=0 [6/22/12]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [6/22/12]
7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [6/22/12]
8 - treasurydirect.gov/instit/annceresult/press/preanre/2002/ofm10902.pdf [1/9/02]



Tuesday, June 19, 2012

Economic Update for the week of June 18th, 2012


WEEKLY ECONOMIC UPDATE


WEEKLY QUOTE
     
“Big thoughts are fun to romanticize, but it is many small insights coming together that bring big ideas into the world.”
   
- Scott Berkun
   
WEEKLY TIP
     
Sometimes filing separately can reduce a married couple’s federal tax burden. If one spouse has large itemized deductions or if both spouses are in markedly different tax brackets, it could be a good move.
  
WEEKLY RIDDLE
    
I can’t walk, but at times I run and I am very difficult to hide. I am always with you. What am I?
   
Last week’s riddle:
Two couples played paintball. Each person had blue, green, yellow, or red paint, and wore a uniform in one of those same colors. Barbara used blue paint. The person wearing green used yellow paint. Steven did not wear the red uniform. Vicki used green paint and wore blue. Ian used the same color paint as his t-shirt. Can you match each person to the color of paint and uniform they used?  

Last week’s answer: Ian: wore red, red paint; Barbara:  yellow, blue; Steven:   green, yellow; Vicki: blue,  green

June 18, 2012
  
IF GREECE EXITS THE EURO, WHAT COMES NEXT?
Best-case scenarios for Greece seemed to fade as the weekend neared. Concerns mounted that Sunday’s special elections would either bring another parliamentary deadlock or a victory for parties opposing scheduled austerity cuts. Some economists maintained that a Greek exit from the euro would not be abrupt and not produce a shock like the 2008 Lehman Brothers collapse. Anxiety was tempered by anticipation: expectations of a central bank response grew. In fact, last week the Bank of England announced plans for 6-month loans and liquidity injections to shield the U.K. financial system from any fallout. Yields on Spanish 10-year notes hit 7% last week, a sign of skepticism about that nation’s bank bailout.1,2
 
Consumer prices declineD in MAY
The federal government’s Consumer Price Index fell 0.3% for May, thanks largely to a 4.3% drop in energy prices. Core CPI rose 0.2% for the third straight month with 12-month consumer inflation at 1.7% (a long way from the 3.9% annualized inflation measured in September). May’s Producer Price Index dropped 1.0%.3
   
SALES & SENTIMENT SLIP, HOME EQUITY INCREASES
The Census Bureau said retail sales fell 0.2% in May; they slipped for a second straight month, which hasn’t happened since 2010. June’s preliminary University of Michigan consumer sentiment survey dropped to 74.1 from May’s final mark of 79.3. On a positive note, retail gas prices are down 2.65% so far in June; on Friday, AAA had regular unleaded averaging just $3.52 a gallon. Another positive: Q1 2012 saw a 7.3% rise in U.S. home equity, the best quarter in in more than 60 years.4,5,6,7
   
HOPES RISE ... AND SO DO STOCKS
New hope of central bank intervention (and expiring options and futures) pushed stocks higher last week, with the major indices performing as follows: S&P 500, +1.30% to 1,342.84; DJIA, +1.70% to 12,767.17; NASDAQ, +0.50% to 2,872.80. Gold was up 2.31% for the week to $1,628.10, oil down 0.08% on the week to $84.03.6,8
               
THIS WEEK: Besides global market reaction to Greece’s special elections (and a possible central bank response), Monday will also mark the start of a G20 summit. Tuesday, a two-day FOMC meeting begins and data on May housing starts arrives in addition to Q1 earnings from Adobe Systems, FedEx and Discover. Wednesday, the Fed will make a policy statement; earnings from Bed, Bath & Beyond also come out. Thursday, we get data on May’s existing home sales, the Conference Board’s latest LEI report, and Q1 earnings from Rite Aid, Oracle and ConAgra. Friday, Q1 results arrive from Darden Restaurants.
  
% CHANGE
Y-T-D
1-YR CHG
5-YR AVG
10-YR AVG
DJIA
+4.50
+7.31
-1.28
+3.48
NASDAQ
+10.27
+9.17
+1.87
+9.09
S&P 500
+6.78
+6.12
-2.48
+3.33
REAL YIELD
6/15 RATE
1 YR AGO
5 YRS AGO
10 YRS AGO
10 YR TIPS
-0.54%
0.74%
2.73%
3.48%
 

Sources: money.msn.com, bigcharts.com, treasury.gov, treasurydirect.gov - 6/15/126,9,10,11
Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly.
These returns do not include dividends.


Please feel free to forward this article to family, friends or colleagues.
If you would like us to add them to our distribution list, please reply with their address.
We will contact them first and request their permission to add them to our list.


«RepresentativeDisclosure»

This material was prepared by MarketingLibrary.Net Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. Marketing Library.Net Inc. is not affiliated with any broker or brokerage firm that may be providing this information to you. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. It is not possible to invest directly in an index. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals, with trading conducted through two divisions – the NYMEX Division, home to the energy, platinum, and palladium markets, and the COMEX Division, on which all other metals trade. Additional risks are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. All information is believed to be from reliable sources; however we make no representation as to its completeness or accuracy. All economic and performance data is historical and not indicative of future results. Market indices discussed are unmanaged. Investors cannot invest in unmanaged indices. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional.

Citations.
1 - www.nytimes.com/2012/06/15/business/global/europe-braces-for-greek-vote-and-maybe-more.html [6/15/12]
2 - www.ft.com/cms/s/0/2bb1de8c-b6cd-11e1-8c96-00144feabdc0.html#axzz1xtvQqrp4 [6/15/12]
3 - www.usatoday.com/money/economy/story/2012-06-13/econ-reports-0614-cpi-jobless-claims/55592570/1 [6/15/12]
4 - www.washingtonpost.com/business/economy/retail-sales-drop-again-in-may-report-says/2012/06/13/gJQANa80aV_story.html [6/5/12]
5 - www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/06/15/bloomberg_articlesM5NW0W07SXKX01-M5NWG.DTL [6/6/12]
6 - money.msn.com/market-news/post.aspx?post=85df9010-4f02-4208-bbdf-5f7a52a60a67 [6/15/12]
7 - www.bloomberg.com/news/2012-06-14/americans-see-biggest-home-equity-jump-in-60-years-mortgages.html [6/14/12]
8 - montoyaregistry.com/Financial-Market.aspx?financial-market=common-financial-mistakes-and-how-to-avoid-them&category=29 [6/15/12]
9 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F15%2F11&x=0&y=0 [6/15/12]
9 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F15%2F11&x=0&y=0 [6/15/12]
9 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F15%2F11&x=0&y=0 [6/15/12]
9 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F15%2F07&x=0&y=0 [6/15/12]
9 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F15%2F07&x=0&y=0 [6/15/12]
9 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F15%2F07&x=0&y=0 [6/15/12]
9 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F14%2F02&x=0&y=0 [6/15/12]
9 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F14%2F02&x=0&y=0 [6/15/12]
9 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F14%2F02&x=0&y=0 [6/15/12]
10 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [6/15/12]
10 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [6/15/12]
11 - treasurydirect.gov/instit/annceresult/press/preanre/2002/ofm10902.pdf [1/9/02]




Tuesday, June 12, 2012

Economic Update for June 11th, 2012


WEEKLY ECONOMIC UPDATE


WEEKLY QUOTE
    
“Your time is limited, so don't waste it living someone else's life.”
 
- Steve Jobs

WEEKLY TIP
   
Too many retirement savers put a majority of their assets into a single stock (usually a company stock). Remember the merits of diversification.

WEEKLY RIDDLE
 
Two couples played paintball. Each person had blue, green, yellow, or red paint, and wore a uniform in one of those same colors. Barbara used blue paint. The person wearing green used yellow paint. Steven did not wear the red uniform. Vicki used green paint and wore blue. Ian used the same color paint as his t-shirt. Can you match each person to the color of paint and uniform they used?
   
Last week’s riddle:
Name three consecutive days without using the words Monday, Wednesday, Friday, or Sunday.
  
Last week’s answer:
Yesterday, Today, and Tomorrow.


June 11, 2012
  
IS A FIX COMING FOR EUROPE’S DEBT CRISIS?
Last week, global markets rallied on European Central Bank President Mario Draghi’s assertion that risks to the EU economy had increased, interpreting it as a signal that the ECB and other central banks might take swift action to rescue weaker eurozone nations. (Stateside, Federal Reserve Chairman Ben Bernanke offered no signal of more easing, but San Francisco Fed President Janet Yellen hinted that it might be possible.) Friday, President Obama urged EU leaders to address the sovereign debt crisis decisively, a request that gave stocks a boost Friday, even as Reuters reported that Spain was going to ask for an EU/IMF bailout. Will the EU and IMF decide to create something like TARP, or enlarge their bailout fund? The world is watching, and Greece’s special elections are coming up.1,2,3
 
SERVICE SECTOR GROWS SLIGHTLY FASTER
Many analysts had predicted a May decline in the Institute for Supply Management’s closely watched non-manufacturing index. That didn’t happen: the primary index rose 0.2 points in May to 53.7, and the new orders index rose 2.0 points to 55.5.4
   
LATEST BEIGE BOOK REASSURES ANALYSTS
The Fed’s latest periodic roundup of economic conditions in its 12 districts had 10 of them reporting either “moderate” or “modest” growth. Some economists had feared it might chronicle lost momentum; instead, it noted improving conditions in manufacturing, consumer spending and the housing market.5
   
GREAT GAINS ON WALL STREET
New hope of central bank action spurred the following weekly advances: S&P 500, +3.73% to 1,325.66; DJIA, +3.59% to 12,554.20; NASDAQ, +4.04% to 2,858.42. Gold lost 1.89% last week with futures settling Friday at $1,591.40. Oil rebounded with a 1.05% gain for the week, settling Friday at $84.10 on the NYMEX.3
               
THIS WEEK: Monday, markets may react to the anticipated weekend request by Spain for bank recapitalization; also, Apple’s Worldwide Developer Conference begins with the promise of new product introductions. Nothing major is scheduled for Tuesday. Wednesday, the Commerce Department releases the May Producer Price Index and May retail sales data; JPMorgan’s Jamie Dimon testifies before the Senate. Thursday offers the May Consumer Price Index and earnings from Smithfield Foods, Kroger and Pier 1. Friday is a quadruple witching day that also marks the release of the University of Michigan’s preliminary June consumer sentiment survey along with data on May industrial production.
  
% CHANGE
Y-T-D
1-YR CHG
5-YR AVG
10-YR AVG
DJIA
+2.76
+4.19
-1.30
+3.09
NASDAQ
+9.72
+6.84
+2.21
+8.62
S&P 500
+5.41
+3.60
-2.41
+2.90
REAL YIELD
6/8 RATE
1 YR AGO
5 YRS AGO
10 YRS AGO
10 YR TIPS
-0.50%
0.76%
2.69%
3.48%
 

Sources: money.msn.com, bigcharts.com, treasury.gov, treasurydirect.gov - 6/8/123,7,8,9
Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly.
These returns do not include dividends.


Please feel free to forward this article to family, friends or colleagues.
If you would like us to add them to our distribution list, please reply with their address.
We will contact them first and request their permission to add them to our list.


«RepresentativeDisclosure»

This material was prepared by MarketingLibrary.Net Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. Marketing Library.Net Inc. is not affiliated with any broker or brokerage firm that may be providing this information to you. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. It is not possible to invest directly in an index. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals, with trading conducted through two divisions – the NYMEX Division, home to the energy, platinum, and palladium markets, and the COMEX Division, on which all other metals trade. Additional risks are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. All information is believed to be from reliable sources; however we make no representation as to its completeness or accuracy. All economic and performance data is historical and not indicative of future results. Market indices discussed are unmanaged. Investors cannot invest in unmanaged indices. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional.

Citations.
1 - www.reuters.com/article/2012/06/06/markets-global-idINL1E8H6FCI20120606 [6/7/12]
2 - www.cnbc.com/id/47720735/ [6/7/12]
3 - money.msn.com/market-news/post.aspx?post=c3e3a1ff-6754-4802-a4c2-41f8bba675f0 [6/8/12]
4 - www.ism.ws/ISMReport/NonMfgROB.cfm [6/5/12]
5 - articles.marketwatch.com/2012-06-06/economy/32069969_1_economic-reports-beige-book-moderate-growth [6/6/12]
6 - montoyaregistry.com/Financial-Market.aspx?financial-market=common-financial-mistakes-and-how-to-avoid-them&category=29 [6/8/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F8%2F11&x=0&y=0 [6/8/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F8%2F11&x=0&y=0 [6/8/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F8%2F11&x=0&y=0 [6/8/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F8%2F07&x=0&y=0 [6/8/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F8%2F07&x=0&y=0 [6/8/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F8%2F07&x=0&y=0 [6/8/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=6%2F7%2F02&x=0&y=0 [6/8/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=6%2F7%2F02&x=0&y=0 [6/8/12]
7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=6%2F7%2F02&x=0&y=0 [6/8/12]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [6/8/12]
8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [6/8/12]
9 - treasurydirect.gov/instit/annceresult/press/preanre/2002/ofm10902.pdf [1/9/02]