Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Sunday, August 24, 2008

the week ahead

That is mucho headwinds.

They will include

Monday

  • existing-home sales for July (Monday);
Tuesday
Wed
  • durable goods for July (Wednesday);
Thursday
  • the first revision of second-quarter gross domestic product
Friday
  • ; and personal income and spending for July,
  • the Chicago purchasing managers index for August and the Reuters/University of Michigan consumer sentiment survey (Friday).

EARNINGS REPORTS Canadian banks will headline the earnings calendar this week, with reports coming from the Bank of Montreal and the Bank of Nova Scotia (Tuesday); the Canadian Imperial Bank of Commerce (Wednesday); and the Royal Bank of Canada and the Toronto-Dominion Bank (Thursday).


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