Good Sunday morning, 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, finally, a summary of articles and papers worth reading.

It was another good week on the major markets. The S&P 500 has had six consecutive weeks of gains, and it is up more than 30% since its March lows. The Nasdaq is now up 6% on the year, and the S&P 500 is off a mere 3.7% in 2009.

While earnings were shaky, they were no worse than expected. And it helped that Goldman Sachs ( GS), Citigroup ( C) and Wells Fargo ( WFC) found some alchemy to transmute balance sheet dross into earnings, at least for a quarter. That can't have been easy. Next week things won't be so easy, with an avalanche of earnings coming, most of which will be crummy -- and most of which will warn that things are getting no better.

Turning to economic indicators, next week we will see reports on new- and existing-home sales and durable goods orders, plus March leading economic indicators and weekly initial jobless claims.

As for earnings, 11 of the 30 Dow members will report this week, including IBM ( IBM), Caterpillar ( CAT), Merck ( MRK), Boeing ( BA) and McDonald's ( MCD)

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 each site's policy.

  • EIA, API figures show recession's impact on U.S. oil industry in1Q. (Oil & Gas Journal)
  • Good News: Option ARM Resets Delayed. ( BusinessWeek)
  • Inflation Doves Put Faith in Output-Gap Religion. ( Bloomberg)
  • Barron's picks commodities and Agrium (AGU). ( Barron's)
  • Economic View: It May Be Time for the Fed to Go Negative. ( The New York Times)
  • The Green Issue: Batteries Not Included. ( The New York Times)
  • Calif. Joins BAB Parade. ( BondBuyer)
  • California asks Feds to back IOUs. ( Sacramento Bee)
  • Fed's Kohn Allays Worries About Stimulus and Inflation. ( The Wall Street Journal)
  • The Biofuel Bubble. ( BusinessWeek)
  • Desert clash in West over solar potential, water. ( SFGate)
  • California unemployment rate highest since 1941. ( SFGate)
  • Bloom or bust? ( Globe and Mail)
  • What Good Are Economists Anyway? ( BusinessWeek)
  • Renewables to spark U.S. grid revolution. ( Reuters)
  • China says key currency countries need watching. ( Reuters)
  • Yale's Swensen would sell government bonds. ( Reuters)
  • Have banks hit bottom? ( TheEconomist)
  • Deflation remains a threat. ( TheEconomist)
  • Recession slowing water investment to a drip. ( Reuters)
  • Volcker says economy recovery a long slog. ( Reuters)


TheStreet.com Ratings, recognized for its excellence in stock selection, combines fundamental and technical aspects of equity research to provide today's investor with tremendous value in volatile times. To see how your portfolio can take advantage of this extensive research, click here now!


RealMoney Barometer Poll
1 What would best describe your stance heading into the coming week of trading?
Bullish
Bearish
Neutral
2 Which of these sectors do you think is set to move up in the coming week?
3 Which of these sectors do you think is set to move down in the coming week?

View the results without voting

At time of publication, Kedrosky had no positions in stocks mentioned, although holdings can change at any time.

Dr. Paul Kedrosky is a former highly ranked sell-side technology equity analyst, and he currently runs a technology finance institute at the University of California, San Diego. He is also a venture partner with Ventures West, an institutional venture capital firm with more than $400 million under management. He maintains a widely read blog called Infectious Greed.

Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. While Kedrosky cannot provide investment advice or recommendations, he appreciates your feedback; click here to send him an email.

More from Opinion

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

Wednesday Wrap-Up: GE and Facebook

Wednesday Wrap-Up: GE and Facebook

PayPal Strikes Again, Facebook, and AT&T -- 3 Tech Stories You Must Know

PayPal Strikes Again, Facebook, and AT&T -- 3 Tech Stories You Must Know

How to Invest Like Warren Buffett

How to Invest Like Warren Buffett

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites