New Unemployment claims for the week were just under 600,000 again.
Five more banks were shut down by regulators (list).
Commodities: Oil prices tumbled to close around $68 per barrel, while Natural gas continued to fall below $3.00. Gold rallied to close just under the $1000 level at $996, the US Dollar index seems to be stuck around 78, and Bond prices were up for the week, then fell on Friday as the stock market rallied.
Next week there really isn't much on the calendar that might affect the market (Monday is a holiday. Hurray!)Market analysis: This week might give us a better clue as to whether this market wants to go higher or lower from here -right now there is no clear direction. The rally late in the week was on light volume compared to the huge down volume on Tuesday, which might indicate further weakness ahead.
G-20 Finance Chiefs Vow to Sustain Stimulus Plans, Discuss Exit
China to buy up to $50 billion of first-ever IMF bonds
China: Spreading the Sovereign Wealth to Buy Overseas Commodity Assets
China Is Now A Net SELLER Of U.S. Treasury Notes And Bonds!
Fannie Mae & Freddie Mac... A Year Later
A year later, exit from Fannie Mae, Freddie is a perplexing quandary for government
Problem Bank List (Unofficial) Sep 4, 2009
Bond vigilantes fret over Japan
Hong Kong recalls gold reserves, touts high-security vault
Gold Fever Heats Up Precious-Metals Funds
China Urges Citizens to Buy Gold and Silver
FINRA to Raise Leveraged ETF Margin Requirements
DXO Becomes First Victim of CFTC Activity
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