Friday, October 10, 2008

Coming week could bring new market jitters

After closing with a record point loss for the week, the US stock market may have new fears to contend with next week with earning reports expected.

October is a traditionally ominous as the stock market crashes of 1929 and 1987 both hit during this month. Financial and high tech companies will report their earnings next week.

There will also be inflation reports on Wednesday and Thursday. Declining oil and real estate prices might have depressed inflation, but we have to consider the sudden increase in money supply. Also, OPEC has called an emergency meeting in mid-November probably aimed at reducing oil production.

A number of other important economic indicators will be announced on Wednesday and Thursday.

Wall Street Braces For Earnings Season
Forbes, NY - Oct 6, 2008

Earnings season kicks off Tuesday with traditional leader Alcoa (nyse: AA - news - people ) reporting, along with fast-food conglomerate YUM! ...
Commodities Continue Slide; GE Trips South Of $20 Barron's Blogs
Anticipating The Alcoa Reaction; Disney Doubter Barron's Blogs

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