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Saturday, October 15, 2005

Weekly Wrap for Oct 14th, 2005

Weekly Wrap Up from Briefing.com

Week ending 14-Oct-05 : Weekly Recap –
  • Another difficult week.
  • The action poor on Mon, Tues, and Wed.
  • Thurs the indices stabilized and on Fri the market rebounded significantly.
  • Chance worst is over.
  • Market decline largely ascribed to inflation fears.
  • Tese fears were not based on hard data. The market was looking for an excuse to sell. That was the situation early this week as well.
  • Next week earnings reports come in droves.
  • Could provide further support to the market.
  • Market may not be about to take off but excessive pessimism is fading.
  • Economic and earnings growth remains strong.
  • Interest rates likely to keep rising, and keep stock market in check,
  • but overall fundamentals are moderately bullish.

posted by Equities Analyst at 11:02 PM

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