Posted on 10/31/2009 9:02:40 AM PDT by TigerLikesRooster
Oct. 31, 2009, 12:01 a.m. EDT
Not for the faint of heart
As volatility returns, investors face Fed, employment, and earnings
By Laura Mandaro, MarketWatch
SAN FRANCISCO (MarketWatch) -- Already reeling from huge market swings, stock investors may get that whipsawed feeling again next week, when the Federal Reserve and the monthly jobs report headline a busy schedule.
The broad market, coming off weekly and monthly losses, also faces monthly auto sales; quarterly results from Ford Motor Co. (NYSE:F) , Cisco Systems Inc. (NASDAQ:CSCO) and Time Warner (NYSE:TWX) ; and Congressional votes on healthcare, financial regulation and homebuyers' tax credits.
Any of those scheduled events, along with the inevitable surprises, could produce more of the rapid changes of appetite that produced heart-stopping moves in the past week.
"There seems to be an overwhelming sentiment that the market has been chronically ahead of its fundamentals," said Jim Paulsen, chief investment strategist at Wells Capital Management, which manages $375 billion.
(Excerpt) Read more at marketwatch.com ...
If it is passed, stocks as well as dollar will be in a free fall.
Ping!
We’ll see...
This thing is over a month away from any final vote. The House vote is meaningless.
DUH! Really??
The started the snowball rolling down the snow clovered slope, and then they say stuff like,;
"We predict that the snow will slow the snowball and eventually stop it."
Keep an eye on Gold, Freepers. If it goes below 1,000/oz., buy. (It only has about $50 to go!) If Silver slips to about $12, buy.
But you didn’t hear it from me... ;)
Ok....pardon my ignorance....but...
why would gold go down. Keep in mind that I am in no way a financial expert, nor do I even pretend to understand the market, the ups and downs, etc.
The market is irrational. There’s a disconnect between fundamentals and prices that is caused by the herd mentality, in my opinion.
Look to last year at about this time for your answer. Troubled institutional investors and funds had to go into firesale mode to cover themselves. Liquidation. Gold is not immune to this, especially “paper” gold.
Not rocket science here.
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