- Stocksface high risk of a declining decade (Bloomberg/Currier)
- Themajor markets are stuck in a rut (Washington Post)
- Therisks of risk aversion (Smith Barney)
- Birdflu is driving some biotech stocks (Reuters)
- Inflationat highest in five years (Reuters)
- Oilfutures prices hit two-month low (O&G Journal)
- ESPN gets
double coverage ( BusinessWeek/Bloomberg Markets)
- DeBeers and the billion-dollar diamond quest in northern Canada(Bloomberg Markets)
- Adetailed look at the fall of Alberto Vilar (Bloomberg Markets)
- Barron's picksWal-mart, but pans commercial real estate (Barron's)
- TheChinese economy is rapidly turning into a drag on commodity prices(Economist)
- The instantmessaging market is set to double (Messaging Pipeline)
- Research: A majorreason why wealthy people don't invest in the market is that theydon't trust it (NBER)
Good Sunday morning. Here are some articles and papers worthreading. First, however, a look back at the week that just finished,and a look forward at the week ahead. Whoops, I was wrong. I expected the post-hurricane third-quarterresults rally to continue a little longer, and it didn't. The majormarkets fell last week, with the Dow and the S&P 500 losing 2.6%,and the Nasdaq Composite off 2.9%. It was an unpleasant week on themarkets.
Click here for the weekly performance. We are in a maze of twisty little economic passages, all alike. Withthe Dow back below the 10,300 mark, we are back to where it was inDecember 2003, and where it was in mid 2004. And again in the springof 2005. We aren't going much of anywhere in the markets, and wehaven't been for some time. The current culprit has been hawkish Federal Reserve statements about higher-than-expected inflation, andwhile I'm still optimistic that third-quarter results will cause atleast a slight rally, there's no denying that the headwinds for themarket have gotten even stronger. Turning to the economic week ahead, perhaps the biggest releasewill come Friday with the release of September consumer priceinflation numbers. On that same day, we also see September retail salesfigures, plus the University of Michigan is set to release itspreliminary consumer sentiment survey for October. Whew, busy day. With any luck, however, the market will be more focused on earningsnext week than on economics. Here are some of the companies scheduledto report next week: Alcoa ( AA), General Electric ( GE)and Apple Computer ( AAPL)(which is set to release fourth-quarter figures on Tuesday). Finally, here are some articles and papers worth reading: Editor's note: To access some of these stories, registration or a subscription may be required. Please check the individual links for the site's policy.