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Sunday, May 23, 2010

Coming Up On Wall St

This week all kinds of data on the health of the US economy will come out.

According to the financial journalists, the numbers are expected to be positive. Then we get into the territory of how positive and will it be enough to offset the insolvency crisis still unfolding in Europe.

CNN: Stocks: Back to the U.S.A.
Key readings are due on housing, labor, individual income and spending trends, GDP and consumer sentiment.

"...until we get clarity on the economy or signs that the first-quarter earnings growth is going to continue, this volatility is going to continue."

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