In HOT COMMODITIES by Jim Rogers, he shared that commodities are less risky than stocks and less sluggish than bonds and commodities are where the money is -- and will be in the years ahead. It's all about putting your money into stuff you understand, the basic materials of everyday life, like cooper, sugar, cotton, corn, or crude oil.
Thursday, December 2, 2010
Market Close Wrap-Up: December 2, 2010
"The major U.S. equity indices closed higher Thursday, on news from Freddie Mac regarding a boost in mortgage rates, signaling a brighter economic outlook.
Officials from Freddie Mac said that the average 30-year fixed loans rate jumped 4.46%, up from 4.40% last week.
The average 15-year loan also increased, from 3.77% to 3.81%.
In corporate news, Limited Brands, Inc. (NYSE:LTD) reported a 10% jump in sales during November for stores open at least one year; Thomson Reuters analysts forecast a sales boost of 4%. Net sales during November rose 14% to $893 million.
PepsiCo, Inc. (NYSE:PEP) officials announced the company's planned 66% stake purchase in Russian food and beverage firm Wimm-Bill-Dann Foods OJSC (NYSE:WBD). The majority stake purchase will cost $3.8 billion, and according to PepsiCo officials, will help boost the firm's worldwide annual revenues from nutritious and functional foods by about $3 billion, to $13 billion.
The Dow Jones Industrial Average (DJI) closed 0.95% higher at 11,362, the S&P500 (INX) closed 1.28% higher at 1,221, and the Nasdaq Composite (IXIC) closed 1.17% higher at 2,579."
Officials from Freddie Mac said that the average 30-year fixed loans rate jumped 4.46%, up from 4.40% last week.
The average 15-year loan also increased, from 3.77% to 3.81%.
In corporate news, Limited Brands, Inc. (NYSE:LTD) reported a 10% jump in sales during November for stores open at least one year; Thomson Reuters analysts forecast a sales boost of 4%. Net sales during November rose 14% to $893 million.
PepsiCo, Inc. (NYSE:PEP) officials announced the company's planned 66% stake purchase in Russian food and beverage firm Wimm-Bill-Dann Foods OJSC (NYSE:WBD). The majority stake purchase will cost $3.8 billion, and according to PepsiCo officials, will help boost the firm's worldwide annual revenues from nutritious and functional foods by about $3 billion, to $13 billion.
The Dow Jones Industrial Average (DJI) closed 0.95% higher at 11,362, the S&P500 (INX) closed 1.28% higher at 1,221, and the Nasdaq Composite (IXIC) closed 1.17% higher at 2,579."
The Rise and Fall of the Home-Ownership Myth | Douglas E. French
Jeffrey Tucker interviews Mises Institute President Doug French, author of 'Walk Away: The Rise and Fall of the Home-Ownership Myth'. Doug and Jeff also discuss the new "pocket edition" of Mises's 'Human Action'. Recorded at the Ludwig von Mises Institute in Auburn, Alabama, on 1 December 2010.
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