We have the Dubai crash and the Tiger Woods crash to deal with…..the Woods crash will be easier to deal with because he is man enough to just say, “It’s my fault.” Bankers and politicians on the other hand, have to make sure they can blame it on something or someone. I think both these crashes will be less newsworthy as we go forward.
The holiday week was just like the recent weeks….big pop on Monday and a slow drain for the rest of the week. Of course the end of this week was a bit more severe. The futures this evening are looking like a pop for this Monday also. We’ll see if the pattern continues.
The upcoming week is full of economic data….including the big ones Nonfarm Payroll and Unemployment reports on Friday. Some of the others: Chicago PMI, Construction Spending, Auto & Truck Sales, Initial & Continuing Claims and Factory Orders, among others, will be moving the markets.
Some interesting reading:
Asia trip, Dubai news, T-Day wish! This is a great read about what the Asians think about the U.S.
Climate change: this is the worst scientific scandal of our generation
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