wall street was not a happy place Weds. Thurs might be better but bad news on jobless claims and further bad forecasts from companies reporting will not help one little bit. Friday with import export, retail, consumer sentiment and business inventories might just be the decider to push the markes down very heavily. the way i see it is that if friday's data is ok then interest rate pressures are up. if friday's data is bad then companies outlooks will not be doing too well going forward. neither scenario will help the dow. so it might just be a nervous weekend. commodity prices cannot continue their ballistic run with out a prolonged reversal. the recent set back was not enough. commodity inflationary effects will just push rates up further. 6% fed by end 2006 means a couple of k of the dow. just my thoughts fwiw.
DOW Price at posting:
0.0¢ Sentiment: None Disclosure: Held
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