Monday, January 25, 2010

The Market On Monday

At 8:15 a.m. futures are moderately up and the market seems poised to start with a bounce.

After throwing a crap fit over the last three market days, the storm may have subsided at least for the morning.

Bernanke probably will be back, and there is more confusion on the economy comng out of the Obama administration.

Somebody needs to get a hold of the reins.

Investors will be parsing all kinds of data today therefor one hopes that the recent volatility has subsided and a calmer approach prevails.

CNN: Wall Street set for a bounce
"This might be a feeling that the sell-off in banks might have gone too far. There may be a feeling that the pessimism may have been overdone on Friday."
Reuters: Stock futures move higher after 3-day selling spree
Earnings season continues with tech stocks in focus because of reports from Apple Inc and Texas Instruments Inc.

"Wall Street is breathing a sigh of relief as it appears Bernanke will be reconfirmed, removing the uncertainty about who will be the gate-keeper at the Fed..."

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