Wall street turns bleary eyes on to info for next week!

With all the battering that the Wall street had taken over the last few days, it has turned its bleary eyes on to the information like the earnings data,retail sales and the inflation data to get an inkling as to where the markets are headed. But the thing about asking for information is that it may well confirm that recession is already here.
Either way, it is going to be one roller coaster ride and there are not that many takers for the idea of the marker shaking of the 'Bear grip' that it seems to be currently under. With more and more banks coming out with fresh news as to their exposure to the Mortgage crisis, the last thing that the Wall street may need is to know that the companies are cash strapped.
Sometimes, ignorance is a bliss and that may well be the case for the Wall street this week. With indicators already pointing to the red, the ride, it seems, will be heading right to the sub levels of the financial markets.

U.S stocks meander along and the Investors are shaky!

The good news on the Housing front as regards the data of new homes sold for September was not all that great. If you were to take the data for just the month of September, the news is good, but if you were to combine the data with that of the august data, it is not good at all. The housing front is all set to push down the economy even further as the Durables goods ordered remained at a bleak low.
It seems that the Bears are here to stay for some time and it may take some courage on the part of the Feds who are meeting next week, to give this beleaguered economy some much needed firm direction.
The forex markets reacted the same way that the stocks did, positively as the data for the homes purchased was released and then negatively on the durables record. Now like the stocks the Dollar also needs direction. This kind of sideways movement on the part of the markets is not really doing much for the investors confidence and as such investors may not be all that forthcoming to invest in the future. That may well be the scenario until the Feds step in with some courageous decisions on their part. After all, if they want the Bull to come back, then they better be ready to show some red!

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Inflation and recession knocking on Dollar's door!

With the 'sub prime' mess barely over,now we have the news that lesser and lesser houses are being constructed. That is not all, besides the fact that lesser houses are being built, this is the lowest level that the construction of new homes fell to. With the Fed being proactive so as to curtail any inflation and recession fears, most of the economists expect the Fed's to cut the interest rates once again. But cutting the interest rates too much can also have a sort of a negative impact on the whole economy, so the Fed's will not jump the gun here. Instead, they will wait for further data before taking any decisive action as regards the interest rate cuts.
This may not be a good time for the U.S dollar with consumer prices as well as energy prices soaring to all new heights. We should see a rate cut within four weeks time if the current trend of negative fiscal data holds.
With both Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson warning this week that the housing downturn was likely to persist longer than had been expected, it is going to take some time for the Economy to recover to its full strength!

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