Like anxious relatives in a hospital room, investors have been watching the economy get sicker and sicker with new symptoms surfacing daily.
That trend is likely to stick in the week ahead, and the stock market should stay volatile as it reacts to economic news, including Friday's retail sales report. The economic calendar though is fairly light, but there are earnings reports from major retailers. Those numbers should only confirm that the holiday shopping season is shaping up to be one of the weakest in years.Many economists have been expecting the current quarter to show this recession's biggest decline in GDP. A batch of weak data and growing unemployment has made it seem especially bleak.
Read more at CNBC
Monday, November 10, 2008
Market Insider: Economy's Illness Keeps Spreading
Labels: Ben Bernanke, BlackRock, Dow Jones, Robert Doll