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  • Outlook for U.S. Stocks in the Short-Term is Rather Bleak 0 comments
    Oct 27, 2010 11:49 PM | about stocks: S, COP

    The outlook for U.S. stocks in the short-term is rather bleak, as Sprint Nextel Corp., Alcoa Inc., and ConocoPhillips all fell yesterday in an economy that still hasn't regained its strength. While there were some bright spots such as Broadcom climbing 8.5%, investors still seem to be holding back while waiting to see what will happen with next week's FOMC.  

    The S&P 500 fell .6% while the Dow Jones went down .7%. This sleepy market might be waiting for help from the Fed before it will really think about waking up. Although sales of new homes rose for a second month in September, demand in the industry hasn't really changed much since reaching a record-low back in May.  Unemployment remains around 10% and the small jumps in the stock market aren't enough to combat such a high percentage.

    Speculation says that the Fed will buy up debt and assets again, only this time around the purchases will probably be much smaller than at the beginning of the financial crisis. The government wants to make sure that the program will work before making too large of a leap while at the same time protecting the initial growth it has seen since the first bail-out.

    Disclosure: "No positions"
    Stocks: S, COP
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