Coming Week: Tech Talk
Traders will have their plates full with earnings reports in the coming week. But they may want to save some room for Fed Chairman Alan Greenspan's remarks from Capitol Hill.
"Even if the strong earnings continue next week, there's a good chance the markets will consolidate from the highs," says Randy Diamond, sales trader at Miller Tabak. "The extent of the decline depends on what Greenspan says next Wednesday about monetary policy."
Diamond believes there is a good chance Greenspan will sound more "hawkish" due to continued evidence of a strong economy and rising leverage risk.
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