Search This Blog

Sunday, June 26, 2011

More Coming Up On Wall Street

Good morning. It is 68 degrees, cloudy, and damp here in Upstate NY. The logo has a big old sun on it for today and tomorrow but nothing at the present moment approaches that. I was just out taking my morning constitutional. I've found that walking really loosens the back. Yesterday I had to do some heavy lifting and this morning I woke with the back tightness. For the moment the formula is working.

This week investors will look at a slew of data on ingrate consumer personal income and spending numbers along with salient data on manufacturing, housing, and employment.

Adding flavor and zest to the heady economic data stream will be the ongoing economic crisis in Greece along with Italy's own banking problems plus factor x which typically comes out of nowhere.

So why not offer a guess as to how the direction of the market goes - alright, I predict the market ends on Friday July 1st down from the DOW at its present number 11,934.58. July is right around the corner.

CNN: Stocks: Investors prep for quarter end
The ISM manufacturing survey (is) the second most important piece of economic data investors get on a monthly basis...


"There remains a lot of worry about Greece and any developments could change the market's direction quickly..."


Investors will get the S&P Case-Shiller home price index for April at 9 a.m. ET on Tuesday...

No comments: