I probably will post once per week or so this topic “What to watch next week“. Everybody do that, me too.

Some event that happened this week:

  • Yen carry trade scare is fading, Yen retreated
  • New Century Financial went belly up
  • Many lenders are tightening the lending standards
  • Market bounced ater last week sell-off, that was no more than correction
  • Retail sales are below expectations, third month in a row

What to watch next week:

  • Fortunately (or unfortunately) there is no market moving news on schedule next week
  • Inflation reports will not make any surprise
  • Markets should decline 3-4%, as the correction is not done yet