Sunday, May 03, 2009

Looking to the market for next week...

I recommend this piece from MSN Money because it points out several important items related to the current state of auto sales, but also it mentions the price of oil is now back up to it's highest level since November, which means higher prices are not far behind.

It also provides some news as to what could impact the stock market next week:
Next week, investors face two huge reports:

* The bank stress test report. Originally scheduled for a Monday release, this report is due after Thursday's market close. It will include an aggregate picture of the health of the 19 institutions and individual results.

* The monthly report on unemployment and payroll employment. Arguably the most important economic report of any month, the government is expected to report that the U.S. unemployment rate hit 8.9%, perhaps higher, with payrolls dropping 625,000 or more.

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