Market Optimism: Weekend Reading
NEW YORK (TheStreet) -- Welcome to another edition of Weekend Reading. First a look back at the week that just finished, then a look forward to the week ahead and, lastly, a summary of articles and research papers worth reading.
It was a good week for the major markets. The Dow gained 1.4%, the S&P 500 index rose 1.5% and the Nasdaq was up 3.3%. The causes were various, including a continuing bounce from recent late-summer pessimism. There was also decent news on the jobs front, and an absence of terrible news elsewhere.
Turning to next week, it still feels like the market wants to push higher. Bad news, while not being bought per se, is sufficiently scarce that it's not taking much to push things higher. If, say, housing data next week are even a little less bad than expected, they could goose the market higher yet.
As for economic indicators, we will see data on housing starts, plus reports on existing- and new-home sales.> > Bull or Bear? Vote in Our Poll Turning to earnings, we will see reports from Adobe (ADBE), Autozone (AZO), ConAgra (CAG), General Mills (GIS) and Nike (NKE), among others.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV