“You work hard for your money. We’ll work hard to protect it.”
Market Direction Is Important –
Updated Chart of the S&P 500 and Secondary Signals
Of our Four secondary indicators under our MTI:
Relative Strength Index (RSI)-Negative
Chaikin Money Flow (CMF)-Negative
Money Flow Index-MFI-Positive
More on the Market and the Economy:
Stocks ended lower on Friday on light volume (the second slowest trading day this year), as continued uncertainty about Greece weighed on the market. Friday’s decline erased what would have been a weekly gain, leaving the S&P 500 up a slight .06% for the week.
This week data will be released on industrial production, housing starts, leading economic indicators, inflation and the Fed’s meeting announcement.
Close to eight million borrowers (or 15.4% of homeowners with a mortgage) are still underwater, owing more than their home is worth, according to Zillow. And half of those owe the bank at least 20% more than the property is worth. While homeowners have regained trillions as home prices have risen, “millions of homeowners are so far underwater, its likely they may not regain equity for up to a decade or more”.
The majority of Americans don’t know much about Social Security benefits, according to a survey conducted by KRC Research. Only 28% of adults earned a passing grade when asked basic questions on a true/false quiz: 71% of respondents incorrectly believe that the full retirement age is 65, and 55% answered questions about working while collecting benefits incorrectly. Of 1,500 respondents, only one answered all the questions correctly.
According to cyber security firm Trustwave, 60% of inbound emails last year were spam. And of that, healthcare-related offers accounted for 72%. On the upside, last year’s total is down from over 90% in 2008, and about 6% of all spam emails are malicious.
Some of the world’s busiest cities are going to get busier, according to Bloomberg. Some of the world’s most crowded cities will see rapid population growth over the course of one generation.
From the Census Bureau, an infographic on Americans’ emergency preparedness: