Sunday, January 25, 2009

The Week Ahead

There is alot of economic numbers coming out this week. Will be very interesting to see how it plays out and more importantly how the market reacts to the numbers. The market sold off early in the day at the end of the week and then managed to rally back at the end of the day. We have been down several weeks in a row now fairly big. I wouldn't be surprised to see some decent rally. Also gold pushed strongly higher on Friday. Not necessarily something you want to go rushing into now but I do think it is now time to buy on dips. Looks like the Pfizer Wyeth deal is about done. That could also add some buying interest in the morning. Also I believe Caterpillar reports before the bell. Should be a very entertaining week.

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