Survey

Drop

The upcoming week is going to be a mix of news that will primarily adversely affect the stock market. There will be more negative statistical news about profit losses and job cuts. On the other hand the Fed has made more billions of dollars available for lenders and borrowers, so that may put a slight brake on the depth of the week's losses. This is speaking from the point of observing and comparing to recent weeks.

Reuters: Stocks may trip on jobs, earnings view

Stocks may struggle to make headway this week, with jobs data expected to provide more evidence of recession and more companies likely to revise their guidance as the earnings reporting season approaches.

Economists polled by Reuters estimate a reduction of 58,000 jobs.

Call for a Truce

This is good news because we want to see the violence in Iraq stop. Why this is occurring is another story. Violence is sobering.

AP: Al-Sadr Pulls Fighters Off Iraq Streets

Shiite cleric Muqtada al-Sadr said Sunday that he was pulling his fighters off the streets nationwide and called on the government to stop raids against his followers and free them from prison.

Pack Your Bags

If only he would pack his duffel and take a long vacation starting now.

AP: Cheney Road Trip: Pack the Green Duffel

Pack the Diet Sprite—a Cheney favorite. Keep the decaffeinated lattes flowing and tune the tube to Fox News.