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Investment Analysis Clubs / Macro Economic Trends and Risks
|Subject: Control Panel: Happy New Year!||Date: 12/31/2012 3:49 PM|
|Author: WendyBG||Number: 412443 of 514444|
This Control Panel will be short because I am pretty sick. Despite having a flu shot in October, I got the flu last week. I think the flu shot helped because my temperature went up to 100 degrees (not 103 degrees like the last flu I got) and I was able to stand up and walk around and wasn't completely prostrated. I was recovering and then caught a chest cold. I slept till 11 AM this morning. I feel really weak and asked DH to walk the dogs.
<end of kvetch>
Public health message: If you haven't yet had a flu shot, get one. The epidemic is just beginning so there is time to build up immunity before February. The flu is especially dangerous for people who are older and/or have chronic health conditions.
To a happier message:
Happy New Year to all METARs! Wishing you and all your families a happy, healthy and prosperous 2013. May our families, nation and the world enjoy peace (or at least sanity).
The Control Panel did not show trend changes in the stock or bond primary data in the past couple of weeks.
Secondary indicators, which are derived from the primary indicators are interesting because they are pointing in different directions.
The Fear and Greed Index and Bullish Percent are moving higher into Greed/ Bullishness.
However, the "mungofitch lagged MA" and the Percent of stocks above their 200 day MA are dropping.
The dollar is stable for the nonce. After its recent drop, gold may be hitting a support level (or not, too soon to tell).
Holiday sales were flat. 3Q2012 annualized GDP growth was 3.1%, but that probably won't repeat.
I won't say anything about the fiscal cliff. <Yawn> Wake me when it's over. A nice handshake and photo-op will probably cause a pop in the stock market in January. But fixing the underlying problems will take a long time and the market will eventually realize that.
No news is good news on the international market front. All markets are rising. Japan's looks like a bubble.
Things look pretty calm this week...at least from my pillow.
Sorry if this Control Panel is less than stellar. Going back to bed.
Happy New Year to all!
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