This Day On The Street
Continue to site
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

Sizing Up QE2: Weekend Reading

NEW YORK ( TheStreet) -- Good Sunday afternoon, and 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 toss-up of a week for the major U.S. stock markets ahead of the second round of quantitative easing (QE2). The Dow ended down slightly, as did the S&P 500, but the Nasdaq gained 0.9%.

This week was mostly about the same things as the coming week will be: the long-heralded announcement of more quantitative easy from the Federal Reserve, plus U.S. midterm elections.

As many have pointed out, the U.S. markets are about to get two things it has said it wants: more Republicans in Congress, and more money from the Fed.

What remains to be seen is what the market will do after it gets what it wants.

Historically, investors would sell off such an outcome, but this time around the markets may very well party down -- by which I mean "up" -- some more.

It will mostly hinge on the size of Fed purchases. The consensus is around $100 billion. Less than that will be "bad" news, and more than that will be "good" news. But a lot more will be "bad" news.

> > Bull or Bear? Vote in Our Poll

Turning to economic news, next week we'll see the Treasury announce debt purchases. We'll also receive the nonfarm payroll report for October, which is expected to show a small gain in jobs, albeit with unemployment sitting at 9.6%.

As for earnings, the week will bring reports from Corning (GLW), Archer Daniels Midland (ADM), Pfizer (PFE) and Qualcomm (QCOM).
1 of 2

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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs