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The stock market braces for another wild week

 

The stock market has already had a wild ride this year and it could get bumpier this week, here is why:

Figuring out what direction the market is heading has not been an easy task this year. The overall stock market in the U.S. is down almost 7% year to date and mortgage rates have also dropped sharply. This promises to be another action packed week on wall street. Wednesday the Federal Reserve will have their regularly scheduled FOMC meeting and announce whether there will be additional interest rate cuts following last weeks intermediary cut. Friday brings the crucial report on job growth for the month of January. The international markets are still digesting the rogue trader in France who lost over seven billion dollars of assets for one French bank and is believed to be instrumental in expediting the monetary relief that followed shortly afterwards.  The international markets have dropped sharply on fears of the U.S. falling into a recession and will play a key role in helping the market to gain stability. The market will also continue to digest earnings reports from the 4th quarter of 2007 and closely follow companies guidance for 2008. In addition to the events on wall street, many people will be waiting in anticipation of the Senate and House to pass the most recent fiscal stimulus package, anticipating the tax rebates, credits and larger loan limits to help boost the economy and psyche of investors. This is shaping up to be a wild week for wall street.

1-28-2008 ? LoanNetwork.com

 

 

 

 

the week ahead @ loannetwork.com

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