Next week the Dow soars past 11700 or falls below 11k.
1. Lehman brothers, if they don't find any buyer over the weekend this will be a huge problem come Monday morning or if the deal isn't what many expect could also have a negative impact.
2. Concerns over MER, AIG and WM heading onto next week. AIG down over 40% in a single week. Rumor that JPM might by WM etc etc etc
3. Fed meeting on Tuesday. I think a few people think the FED is going to cut rates by at least 25 basis points. I'm sure the possibility is around 50% due to the rise in the dollar and collapse in commodities. If they do cut equties could bounce 2% or more that day. I see no reason for any rate cut.
4. GS earnings. I'm sure they lowered them so much that beating them won't be a problem. As every broker and bank has had a problem, GS seems to be on their own in this wallstreet credit crisis.
5. IKE
Next week brings on EXTREME volatility. I think we could see 150-300 point swings all week. Get ready. Even cnbc will be going on air at 8pm eastern time on Sunday to cover these market moving events, who would have thought. I thought they should keep the info commercials on instead, those seem more important during times like these.
1. Lehman brothers, if they don't find any buyer over the weekend this will be a huge problem come Monday morning or if the deal isn't what many expect could also have a negative impact.
2. Concerns over MER, AIG and WM heading onto next week. AIG down over 40% in a single week. Rumor that JPM might by WM etc etc etc
3. Fed meeting on Tuesday. I think a few people think the FED is going to cut rates by at least 25 basis points. I'm sure the possibility is around 50% due to the rise in the dollar and collapse in commodities. If they do cut equties could bounce 2% or more that day. I see no reason for any rate cut.
4. GS earnings. I'm sure they lowered them so much that beating them won't be a problem. As every broker and bank has had a problem, GS seems to be on their own in this wallstreet credit crisis.
5. IKE
Next week brings on EXTREME volatility. I think we could see 150-300 point swings all week. Get ready. Even cnbc will be going on air at 8pm eastern time on Sunday to cover these market moving events, who would have thought. I thought they should keep the info commercials on instead, those seem more important during times like these.