Editor's note: Paul Kedrosky did not write a column for Sunday, July 12, 2009.
Cash and bonds look even worse than usual, and equities still don't look awful, so it's easy to imagine a continuing influx of money into stocks.
The stock market's reaction to a second round of quantitative easing will depend on the program's size.
The stock market's focus next week will be on earnings, but investors will also watch currencies.
The mortgage fraud saga will only grow louder next week, weighing down bank stocks.
Major stock market indices rose this week, but it feels like things are turning as currency worries rise and weak news continues.
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