Coming Up On Wall Street

Good morning. It is 39 degrees and raining here in Upstate NY. We are literally begging for a warm toasty sunny day here. I was planning to do some work in the vegetable garden but right now I'm rained out. We are going to double the size of the garden, its time to grow more of our own food. No CSA share this year, the money is going into our own garden.

Summing up Reuters' very good article on Wall Street sentiment linked below, there are three points.

First, there are a few sectors that are doing very well right now. That would be some industrials, raw material, energy stocks, and some high tech. These sectors flow into growing markets, think places like India.

Second, other remaining sectors minus some exceptions, are not so robust as the aforementioned. This is because they are affected by remaining economic recovery problems, for example the miserable housing market.

Third, investors will be waiting to hear what Bernanke says about our economy next week. There is concern about what is going to happen when quantitative easing, AKA the government throwing freshly printed money around, ends in a few months.

Reuters: Wall St Week Ahead: It's growth, but not as we know it

Growth is now concentrated in industrial, materials and energy stocks that benefit from strong demand in emerging markets, as well as a technology sector boosted by robust demand from businesses.


Next week, 180 of the S&P 500 companies are set to report earnings. Of companies that have reported to date, 75 percent beat analysts' expectations.