This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Coming Week: Searching for Clarity

If you're feeling battered by this market, you aren't alone -- and the next few trading sessions aren't likely to make you feel much better.

"We get these momentary signs that the bulls jump all over and think perhaps the worst is behind us, but this positive feeling doesn't seem to have a shelf life of more than 48 hours, when we revert back to the negative bias," says Ted Weisberg, floor trader at Seaport Securities.

"When it gets this hard, usually the best thing to do is just push yourself away from the table and wait," he continues. "The risk is that by doing that, you'll miss something. But the risk of being proactive is greater if something were to change dramatically."

Despite many individual-session moves that exceeded 1%, or even 2%, the major averages finished last week little changed. Over the five sessions, the Dow fell 0.4% to 11,326.32, the S&P 500 gained 0.2% to 1260.31, and the Nasdaq Composite Index crept 0.43 point higher to 2310.96.

"Depending on where you live and what businesses you're in, the economy looks OK or it looks like the sky is falling," Michael Cuggino, president and portfolio manager at Permanent Portfolio Family of Funds, says. "It's confusing even to money managers, which is why you see such big moves."

The real action this next week, unless the Federal Reserve does something really unexpected in its meeting on Tuesday, is going to still be on the corporate side, as the crush of earnings continues.

According to a Brown Brothers Harriman report, the S&P 500 companies overall are expected to see profits decline by about 24%, year over year, for the second quarter. Excluding financials, that rises to a positive 6%.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
CROX $13.35 -1.04%
CSCO $28.89 -0.96%
GM $35.01 -1.10%
SIRI $3.84 -1.29%
S $4.99 -3.11%

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs