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GDP Slowing…
Posted on April 29th, 2009 No commentsWell, here we are again. They say that we are at a fragile bottom, but wait the flu might drop us off the cliff again! Wow, hold the presses we have already buildt this news into the stock price its called volitility (VIX). Check back for the rest of the story…
On Monday, the government releases the results of its “stress tests” of the nation’s largest banks. Jitters ahead of the results have weighed on financial stocks recently, particularly after reports circulated earlier this week that said Bank of America (BAC, Fortune 500) and Citigroup (C, Fortune 500) will both need to increase their capital should the economy deteriorate further.
Friday brings earnings reports from Chevron and economic reports on consumer sentiment, factory orders and auto and truck sales. The biggest potential market mover will be the Institute for Supply Management’s manufacturing index.
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