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 rough week for the major markets, but not as rough as it probably felt. The Dow Jones lost 1%, while the S&P 500 fell 1.2% and the Nasdaq shed 0.8%. The upbeat feelings around recovery dissipated, the dollar fell and oil did the same, as worries grew once again about the trajectory of recovery from the worst global downturn since the Great Depression.

Looking ahead to next week, it feels like nervousness has the upper hand. Yes, it could swing too far, but this is not a normal cyclical recovery, and we should not expect a smooth path back to spending and solvency.

It can't and won't happen that way, no matter how much some might want it. At the same time, there is re-retrenchment happening across the consumer sector, with the wealthy increasingly hunkering down, and even worried talk about U.S. stability.

Turning to economic indicators, next week will bring June housing starts, plus existing-home sales for June.

As for earnings, we will see results from a dozen Dow components next week. We will also see reports from Goldman Sachs ( GS), Morgan Stanley ( MS), Apple ( AAPL), Texas Instruments ( TXN) and Qualcomm ( QCOM).

Lastly, here are some articles and papers worth reading:

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-- Written by Paul Kedrosky in La Jolla, Calif.

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.