Commodities: Oil prices closed higher again, around $72 per barrel. Gold prices fell to around $940, while the US Dollar was down for the week. The 30 year Bond prices recovered a bit.
Next week we get a number of economic reports, including the PPI and CPI, and housing starts. Friday is expiration day for options and futures, and also near the end of the quarter, which could add to the volatility. RIMM also reports earnings on Thursday -will it reverse or push higher? Also reporting are FedEx and Best Buy.On a side note, this week Blackrock purchased Barclay's investment business for $13.5 billion. This now makes Blackrock the biggest asset management firm with $2.7 trillion under management ($2,700,000,000,000)! What ever happened to 'too big to fail'? Isn't that what got us in trouble with firms like Bear Stearns, Lehman, AIG, Citigroup, etc...
Market analysis: Still no clear short-term direction at this point -options expiration on Friday could move the markets in either direction; many traders are still looking for a reversal at this level.
Where Do We Go From Here?
Americans' wealth drops $1.3 trillion
Americans Get Poorer More Slowly
Public debt -The biggest bill in history
The next great crisis: America's debt
$1,000,000,000,000 In 8 Months
Geithner Brings the Laughs In China
Get Ready for Inflation and Higher Interest Rates
BlackRock to Buy Barclays Fund Unit for $13.5 Billion
Citigroup finalizes deal to make U.S. largest holder
How traders killed investing
Behind Oil's Surprising Surge
E-mail shows Fed strong-armed BofA
Fall of Chrysler, GM saved the day
Mortgage Rates in U.S. Rise to Highest Since November
U.S. Foreclosure Filings Top 300,000 as Bank Seizures Loom
Theme park firm Six Flags files for bankruptcy
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