Can the Market regain some of the last Friday’s huge drop? It is a question everybody wants an answer. Nest week the market will have a busy schedule. the Federal Reserve and the monthly jobs report headline, Plus monthly auto sales report , and Congressional votes on healthcare, financial regulation and homebuyers’ tax credits. Any one of these scheduled events if goes negative it will drop the market by many points.
Volatility has returned: For four of the last six sessions, the Dow average lost at least 100 points, Investors are worried and most of them believe that the market has been chronically ahead of its fundamentals. The fate of business lender CIT Group Inc. , whose possible failure hung over the market Friday, could again unnerve investor
I did not buy any stock on Friday despite the cheap prices which were available to buy in every sector. I believe there will be cheaper stocks to buy on Monday. I believe the market will close in red on Monday, but I could be wrong. Even if the market closes green in my opinion it will not be that significant.
