Coming Week: Buy or Sell on Jobs, Manufacturing and Housing Reports
This coming week brings key reports on jobs, manufacturing and housing -- and a chance for investors to jump back in or bail out even more.
The market rally finally hit some resistance last week, giving investors in the week ahead an opportunity to get back IN at lower levels - or get OUT before the going gets worse.
The debate is the same one it's been since the market bottomed in March - have stocks jumped the gun on the pace of the economic recovery, and are they now set up for a big fall?
"A lot of investors have been willing the market higher emotionally, and they are going to hope it keeps going higher in the next few months," said Don DeWaay, CEO at DeWaay capital Management.
"But when you see such precipitous rally, even off of the depths, you have to be careful," he said. "The bottom line is the fundamentals have to support the advance and the consumer has to be there, and I just don't see that."
SOURCE: http://money.cnn.com/2009/09/25/markets/sunday_lookahead/index.htm?section=money_markets
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