Investors will be reviewing all types of economic data this week with a big deal Federal Reserve meeting coming up and corporate second quarter reports coming in early.
With the second quarter ending June 30, investors may see some pre-announcements from companies that could provide a better picture of how the corporate reporting period will look. Outlooks for the third quarter also will be crucial. sourceReuters: Stock futures point to lower open on economic malaise
...the World Bank said Monday that prospects for the global economy remain "unusually uncertain"...
After a sharp three-month rally, indexes eased last week as traders increasingly questioned if stocks are due for a correction.
4 comments:
Were are the jobs coming from to revive the economy? We cannot keep creating Gov't paper pushing jobs and think that this creates wealth, it doesn't. If it did the Soviet Union would still exist. Calif. is bankrupt after doing something similar.
Everything I read says that jobs won't come back for quite some time. This could be the thing that gets Obama booted.
I'm not sure if the market is ready to tank yet, even after a completely dismal day like today. I think by next Monday we will have a clearer sense of the direction, maybe even by this Friday.
On the other hand if the market continues to lose 200 points per day this week, well then we know.
Obama's smile will wear thin a yr. from now, if the unemployment nos. are still going north. BV$H sure left him in a hole didn't he? Mission Accomplished for George. Bankrupt the economy and the Gov't and then count on your media pals to pin it all on the next guy almost immediately.
Its true, Bush left a huge crater.
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