The Morning Morsel

Posted by UpsideTrader
on January 25th, 2010

“Don’t be a cynic, work hard and be kind, and you will be amazed at what will happen.” Conan O’Brien from his last show.

Asia is lower, Europe is trying to make a stand and our futures are up. This week could set the stage for the next six months as we are attacked with earnings, politics and economic data. Apple also reports.

Bernanke now looks safe which is good for the bulls, if Geithner could be sent back to lolly pop land that would even be better for the bulls. He has become an untrustworthy thorn in everyone’s side. Gotta go.

We get Fed speak and the State of the Union on Wednesday. The Bank of China just announced that they are raising “gozillions”, but didn’t raise rates yet.

Monday, January 25, 2010

Economic

10:00 Dec Existing Home Sales (last 6.54M, m/m 7.4%)

10:30 Jan Dallas Fed Manufacturing (last 3.8%)

Events

BoJ Rate Decision. Ex-dividend: PGR $0.161, CALM $0.172.

Earnings

Before the Open: AKS, BOH, CNH, ETN, HAL, ERIC, PVTB, DGX, SEE. After the Close: ALB, ALGT, AMGN, AAPL, ATHR, CLDN, CR, GGG, HTLF, JEC, JDAS, KRC, MSPD, NARA, OLN, PKG, PRXL, PLXT, RLRN, RLI, SLG, TXN, VMW, VLTR, ZION.

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