This week will bring more earning reports and from all indications it looks pretty bleak.
As far as economic data coming from the feds is the PPI on Friday and is expected to be no change.Retail numbers will be watched as this is Greenspan's very concern.
Friday's PPI last was 0.1% expected 0.1%
Retail last 0.4% expected 0.2%
The retail sales will show the sentiment of the consumer and appears there is cautionary bias.
There is considerable concern on credit debt and this will also aid in the slowing down of the economy,as more layoffs will be announced.
The pressure on the Nasdaq will be the 2500 mark and this will set the pace of what will be coming next.If we move lower from this level it will mean a very cautionary break and a major concern on the total outcome of the market.
As in any market condition there are always buying opportunities and the savy investor will be able to pickup some nice companies at bargain prices.Tech stocks will be the most unpredictable and .coms will have no appeal until the shakeup is complete.Tech stocks with sound fundamentals and excellent earnings should be only considered for any portfolio.Hold a cash position of 35% of your portfolio and remember,bottom fishing is not always an avenue to picking up companies that have experienced all time lows.
Solid investing and have a good week.
As far as economic data coming from the feds is the PPI on Friday and is expected to be no change.Retail numbers will be watched as this is Greenspan's very concern.
Friday's PPI last was 0.1% expected 0.1%
Retail last 0.4% expected 0.2%
The retail sales will show the sentiment of the consumer and appears there is cautionary bias.
There is considerable concern on credit debt and this will also aid in the slowing down of the economy,as more layoffs will be announced.
The pressure on the Nasdaq will be the 2500 mark and this will set the pace of what will be coming next.If we move lower from this level it will mean a very cautionary break and a major concern on the total outcome of the market.
As in any market condition there are always buying opportunities and the savy investor will be able to pickup some nice companies at bargain prices.Tech stocks will be the most unpredictable and .coms will have no appeal until the shakeup is complete.Tech stocks with sound fundamentals and excellent earnings should be only considered for any portfolio.Hold a cash position of 35% of your portfolio and remember,bottom fishing is not always an avenue to picking up companies that have experienced all time lows.
Solid investing and have a good week.