Saturday, June 09, 2007

Monday Madness

The stage seems to be set for a strong open for the markets come Monday morning. It appears as if the (Tues.-Thurs.) correction was mostly shaken off and there doesn't seem to be as much paranoia about the economy. It's still a bull market and the shorts just might be squeezed on Monday.
"The U.S. labor market is holding steady, businesses are rebuilding inventories and the consumer is still spending, all signs pointing to stronger economic growth in the latter part of this year."
"Stocks could move higher next week after a bond market rout led investors to wonder if the threat of inflation was on the horizon or if the economy was actually stronger than expected, and good for stocks."

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