Coming Up On Wall Street

Good morning. It is teen numbers cold and cloudy here in Upstate NY. We are reading that the day will see a mix of precipitation. Dang I was hoping for bright sunshine.

Reuters is presenting an optimistic market prediction for next week.

In spite of abysmal job creation in January, pathetic in fact, and the reality that millions of people are now off unemployment benefits, unable to find work, and off the government's radar and doing who knows what to get by, the market is expected to continue to advance.

The Fed is making the playing ground very sweet with the lubrication of cheap and plentiful money. The Middle East revolution is gaining in traction and in our imaginations so investors are still wondering what if anything happens to the oil supply. Does the Suez Canal get shut down or somehow does shipping through the canal get adversely affected. Consequently does oil all of a sudden start getting more and more expensive causing a worldwide swell of inflation, this is the big what if.

Would Wall Street like to see the Egyptian revolution for democracy go away? This is a rhetorical question.

Reuters: Market could rally on earnings and technicals

"I expect the market to continue to rally despite the fact the economic news is sluggish in the jobs front..."


More than 70 percent of the S&P 500 companies have reported earnings above estimates so far...


...consumer sentiment as the highlight of the week.


"If oil prices continue to rise and Middle East chaos spreads, you will potentially see a headwind develop for the global economy and that will affect the stock market..."