Dan Stewart's The Wall Street Shuffle - July 24, 2013

A NorAm Media Group Publication - Celebrating our 53rd Anniversary  Wednesday, July 24, 2013 Doldrums Part 2 by: Dan Stewart It was another slow day on Wall Street yesterday. The Summer Doldrums have definitely taken hold the past few days. Both the S&P 500 and DOW were marginally mixed, but the NASDAQ was down -.59%, much of it due to the Biotech sector. Total volume was very light on both major exchanges. Up Volume was 57% on the NYSE but only 39% on the NASDAQ. Advancing issues were 55% and 44% respectively. The one strong bullish sign is that the NYSE Composite Advance-Decline line hit an all time high. Now all of the sector indices Advance-Decline lines (big, mid, and small) have hit highs. The markets are technically overbought suggesting a higher probability of a pullback. So I will be moving up my stops on the aggressive, long ETFs I own... Read More      Debt, Debt and Shaky Collateral: The Global Financial Crisis Isn't Actually Over by: Jim Jubak This is the financial crisis that keeps on giving. Right now I find myself asking many of the same questions about debt, risk, and collateral that investors were asking in the run up to the bankruptcy filing of Lehman Bros in September 2008. The big question that I have at the moment is Where's the collateral for all this debt—private, corporate, and governmental—that has been issued in efforts to prop up global growth? And what's that collateral worth... Read More      China won't tolerate GDP below 7% - So now China will join the printing fray with Japan, EU, & U.S. Draghi's "Dirty Harry" act keeps Euro crisis at bay – will the ECB begin bond buying Detroit's Bankruptcy Hearing set for today Economists Optimistic Even As Sales Growth Slows – Expect U.S. growth to top 2% Spain's rate of decline decelerating Hedged High-Yield Bond ETF for Rising Rates – Interesting, problem is during meltdown, you could see a flight to treasuries and a selloff in high yields – lose on both sides iShares Plans Short-Dated Bond ETFs – could be substitute for money markets & somewhat insulated from rising rates SEC Advised To Consider New 'Accredited Investor' Standards – Talk about killing start-up businesses ADDRESS: 15303 North Dallas Parkway Suite 1030 Addison, TX 75001 Toll-Free: 855-REAL-WEALTH or (855-732-5932) Office: 972-687-7765 Direct: 214-708-4555 dstewart@noramassetmanagement.com Material contained in this newsletter is the property of NorAm Media Group, Inc. and all rights are reserved. Unsubscribe