The budget debate continues to dominate market action. The President and Congress have demonstrated some efforts to remedy the default concerns as evidenced by their willingness to discuss the matter. While initial efforts to address the default seemed optimistic, over the weekend it appears discussions have abated and efforts to find a solution have become more tenuous, yet a solution is still possible. Obviously a lack of cooperation and failure to remedy the issue could have a calamitous effect on the markets.
Reports this week include: Consumer Price Index (10/16) and Housing Starts and Building Permits (10/17).
Reports this week include: Consumer Price Index (10/16) and Housing Starts and Building Permits (10/17).
Some of the major earnings announcements on deck: Coca Cola, Domino's Pizza, Johnson and Johnson, Intel, CSX Corporation and Yahoo to name a few.
$tockMarketDirection is in a Bullish Posture. We strongly encourage our many bloggers/followers to monitor positions closely, exercise proper money management strategies and to monitor $tockMarketDirection for ALERTS that we may issue advising of a change in our current bullish posture. Cha-ching.
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