Housing data for February will come through, and as we know this is a key component for our economy. Also the ongoing issue of how Greece will work though its insolvency continues to weigh on the world economy.
Lastly, a few companies will be way out in front and reporting on their first quarter. So that will be of concern as well.
The sentiment seems to coalesce around the idea that the market has steadily rallied for a year, the indexes are possibly maxed out, and now its time to process all that is occurring. Personally sideways would be just fine, as long as we don't have to get back into a very turbulent and volatile period. It seems that there is not quite enough momentum to push the DOW up to 11K quite yet. One might suspect that that threshold is important for investors and that it needs to be reached on fundamentals more than on desires and emotion.
Reuters: Stocks eye health reform, housing, Greece
...housing will be another dominant theme with the release of February existing home sales on Tuesday and a report on February new home sales on Wednesday.
"That probably argues for a more sideways move in the market."
... the European Union scrambling to come up with more reassuring proposals on how to come to Athens' aid.
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