This coming week data will come out on January's economic shape.
We know the news will be harsh but the data will be parsed to see exactly how harsh.
The various economic articles point to a keen interest among investors on how a stimulus package will work. We are keenly interested as well.
Reuters: After horrid January, stocks eye stimulus
"If they come up with a plan -- any kind of plan -- the market will rally a little bit next week," (the first week of February) said Warren Simpson, managing director at Stephens Capital Management in Little Rock, Arkansas.
Forecasts for the January unemployment rate hover around 7.5 percent, according to ThomsonReuters estimates.
On Thursday, a slew of retailers will post same-store sales figures, which are expected to contract 2.4 percent in January.
2 comments:
So goes Jan. so goes the rest of the yr. most of the time. If that's the case uh oh. Won't matter by next X-mas the same Wall st. losers will be asking for billions in bonuses anyway. They deserve it don't they?
I couldn't believe Giuliani's remarks about the bonuses. He omits the fact that we the taxpayers paid for it. What an a-hole.
Don't you just feel so sad for all those fat cats. If they don't get millions in bonuses they become real grumpy, poor babies. I'm so happy I could help them live in the highest realms of supreme luxury.
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