Sunday, November 11, 2007
numismatics
I have been collecting coins ever since I first held a coin in my hand. I am not sure what is it that make me want to admire them. But if you are a numismatics freak like me then, you will be interested in companies like Monaco Rare Coin. This company is part of the Monex family of companies, a trusted leader in precious metals investments for nearly 40 years. They not only deal in coins, but rare coins as well as . . . gold, silver and platinum bullion and bullion coins . . . as well as other precious metals investments. Their main objective for their clients is investment.
Monaco Rare Coin offers a unique, vast and impressive array of resources for investors and collectors alike.
At Monaco, you will find the finest rare coins available, an experienced and knowledgeable cadre of professionals ready and willing to serve your needs, and a broad range of investment programs and products to fit most any budget.
Through Monaco you have immediate access to a wide range of investment-grade coins, valued in excess of $10,000,000. Other selections of coins can be acquired on short notice.
More weakness
U.S. stocks are poised for more weakness next week, after a slide in the Nasdaq wiped out hopes that technology shares could pull the market out of the subprime pain felt by financial institutions on Wall Street.
"Tech had been the big winner since the August sell-off," said Paul Nolte, director of investments at Hinsdale Associates. "In any type of correction, you're likely to take money out of where you've done well."
Stocks experienced another slide on Friday, with the Dow Jones Industrial Average (DJI) finishing off 223 points at 13,042, capping a week of pain that shaved 4.1% from the blue chip index.
"We've had a confluence of worries about the dollar, energy prices and subprime problems that's really got investors nervous and they don't want to be hanging around the equity market," said Nolte.
Hit by continued weakness among financial stocks, the broad S&P 500 index ( SPX) lost 21 points to 1,453, adding up to a 3.7% drop on the week.
Yet most of the bleeding was seen in the tech-heavy Nasdaq Composite (RIXF) , which fell 2.5% to 2,627 on Friday. For the week, the Nasdaq shed a breathtaking 6.5%.
Retail highlights week
Next week, the market will turn to the September pending home sales index on Tuesday, October retail sales on Wednesday, and regional manufacturing surveys for November on Thursday, for the latest snapshot on the ailing U.S. economy.
"The business surveys will help us figure out who's getting really hurt by the whole housing collapse and who's benefiting from a weak dollar and overseas growth," said Sal Guatieri, senior economist at BMO Capital Markets.
Helping take the pulse of U.S. and global consumers, Wal-Mart Stores (WMT) and Home Depot Inc. (HD) will also report earnings on Tuesday, followed by JC Penney (JCP) on Thursday.
Bad economic data may lift market odds that the Federal Reserve will continue lowering interest rates, although Fed chief Ben Bernanke's uncertainty last week in testimony to Congress left some investors concerned.
"Back in August, we had the whole financial crisis leading up to the Fed cutting rates and then we were off to the races," said Hinsdale's Nolte. "Now we need another event like that" if the market is going to pull itself up, he said.
Inflation data -- the October producer price index on Wednesday and the consumer price index on Thursday -- might hold back hopes about further rate cuts.
NASDAQ
HOW QUICKLY THE mighty techs have fallen. The Nasdaq had been enjoying an incomparable run in 2007, rising more than 18% to a peak of 2859 on Halloween. Through a turbulent year the tech-heavy composite index was beating the Dow Jones Industrial Average by nearly seven percentage points and the broader market by more than nine. Subprime landmines and $100 oil be damned; life in the tech sector was good.
So it's something of a shock that investors who were giving thanks for techs would find November to be so frightening. The Nasdaq has plunged 8% this month, most of that coming just this week. All equity markets are in a bad way right now, but the tech index is getting hammered significantly harder than the Dow or the S&P 500, leaving investors to sort out whether the Nasdaq is just oversold or, more dreaded, that the flight to tech is over.
First, a word on how we got to this point so rapidly. The cow that kicked over the lantern in the barn was Cisco Systems (CSCO: 28.58, -1.05, -3.54%). It all started with the company's first-quarter earnings report after the markets closed Wednesday. "Although they had an in-line report, they didn't do better than expected, so that was a disappointment," says Art Hogan, chief market economist at Jefferies & Co. "And even more disappointing was the revenue guidance. So [Thursday] and [Friday] we're really feeling the spillover effect of 'Wow, if it's bad for Cisco, it's bad for a lot of people.'
personalized wedding favors
Do be the lost one when comes to weddings. Everyone in on the internet highways when searching for cheap, personalized wedding favors as well as groomsman and bridesmaid gifts. Many items with free personalization can be found at this site. So check out The Knot Wedding Shop. You can find various categories such as under attendance Gifts on the left column Bridesmaid Gifts, Groomsman Gifts, Child Gifts, Parent Gifts, Frames & Albums. Find something that suits your taste, there is some thing for everyone. Or look under Apparel an you will find Tees & Tanks, Sweats & PJs, Accessories, Footwear, Undies & Swim, Robes & Towels, Men, Kids, Parents, all available for delivery even those last minute orders before the big day.
Subscribe to:
Posts (Atom)

