Market Outlook: Current Scenario Is Similar To The 'Flash Crash'
By Price Headley: The good news is, a big rebound on Friday – following Thursday's drubbing – pulled the market back into the black for the week. The bad news is, the market still hasn't cleared any of the major hurdles it needs to in order for us to say the bulls are home-free. And now we're down sharply in the pre-trading from guess what, more Europe worries/news. There are a ton of economic catalysts this week that may well do the bullish reversal trick (many more than last week, to be sure). Of course, those same catalysts could end up working against the market as well, if viewed in a pessimistic light. As usual we're going to weigh it all below.
While a light week in terms of economic data, it was still an important week ... particularly for the average working consumer. For instance, consumer credit (revolving plus fixed)Complete Story »