Last was one of the worst weeks for stock market action in months. The Dow
Jones Industrial Average fell 2.2% as did the S&P 500. The Nasdaq Composite fell
off 2.4% last week as well. Last week, investors worries about debt crisis in
Europe and if China was tightening its belt from a monetary standpoint. This
week will be pivotal in influencing stock direction. On Monday, a retail sales
report for October will be posted and is expected to reveal positive numbers for
retail sales in October. In addition on Monday, a report will post on September
inventories and this report is expected to reveal that consumer demand has not
been strong to keep supply from building up at businesses. On Tuesday, the U.S.
governments report on producer prices is due out and is expected to have risen
in October. Wednesday will bring the consumer price index report and this report
is expected to reveal a drop from Septembers mark of .8%. On Thursday, President
Obama will meet with congressional leaders to discuss economic policy. A big
point of discussion will be the Bush-era tax cuts. Will they be extended or
extinguished? Eyes and ears of the economy will be geared towards processing the
information that stems from this day. Federal Reserve Chairman Ben Bernanke will
provide more information and detail relating to the Feds bond buying initiative
aimed at stimulating the economy. Currently there is a positive tone in the
marketplace as all three major index values are going green. World markets are
moving in a positive direction as well prior to opening bell for the U.S.
session for November 15th, 2010. Author: Frank Matto
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