This coming week will be an important one for the stock market. With some analysts calling the recent month long up trend a bottom, investors will be closely watching earnings reports from US companies releasing this week.
Everyone knows that the Q1 2009 news will be bad and that companies probably continue to lose money even today, but the focus will be on what the companies say about the future. Company projections for the rest of the year will determine if Wall Street has been right in predicting an economic turn around and the end of the recession or if the latest rally was nothing more than bottom fishing followed by overly optimistic traders hoping to get in early on the next big up move.
Start your trading machines and keep an eye on the charts because the ride could get bumpy.
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Tags: Current Evenets, earnings, stock market
