Investors may well welcome Canada Goose Coats On Sale a drop

Investors may well welcome Canada Goose Coats On Sale a drop

earnings to call stocks’ tune

NEW YORK (Reuters) Wall Street will greet a new canadian goose jacket president next week with high hopes for a fresh start, but a deluge of corporate earnings reports pointing to a deepening recession could spoil the welcome party.

A trader walks buy canada goose jacket off the floor of canada goose coats the New York Stock Exchange after the close of the trading session in New uk canada goose York City, January 7, 2009. REUTERS/Mike Segar

Stocks Canada Goose Parka closed the curtain on the George W.

With that dismal context, investors Canada Goose Online are eager to see what Barack Obama has up canada goose uk shop his sleeve to jolt the economy out of recession and restore confidence to battered financial markets.

Obama will be sworn in at midday on Tuesday as the 44th canada goose store president canada goose coats on sale of cheap canada goose uk the United Canada Goose sale States and as the nation first African American head of state.

Markets on cheap Canada Goose Monday will Canada Goose Outlet be closed for the Martin Luther King, Jr. Day holiday.

The big impediment in the holiday shortened week is a full earnings calendar.

Earnings for the last three months of 2008 are forecast to have fallen more than 20 percent from the year before, according to ThomsonReuters Research, marking a record six canada goose clearance sale straight quarter of declining profits.

And if what investors have heard from companies Canada Goose online so far this year is any guide, chances for a profit rebound are canada goose black friday sale slim.

key is what the new administration does do they get out of the box quickly? said Tim Ghriskey, chief investment officer of Solaris Asset Management in canada goose uk black friday Bedford Hills, New York.

big thing they will deal with is how to Canada Goose Jackets stop the problems with the banks. I don think anybody canada goose clearance expects buy canada goose jacket cheap major announcements at the inauguration but in the days following, people want to hear some type of plan that things my website Canada Goose Outlet are going to be different.

Any outlooks from companies suggesting that the year long recession is canada goose uk outlet getting worse will present a major hurdle for the stock market trying to sustain a recovery from its November 21 bear market low.

The benchmark S 500 started 2009 up more than 20 percent canada goose factory sale from that low, but ended Friday canada goose up only about 13 percent. Senate on Thursday.

Even though quarterly results are likely to be poor, some analysts argue the market will discount weak results.

news has been so bad for so long that it already built in, said Terry Morris, senior vice president and senior equity manager for National Penn Investors Trust Company in Reading, Pennsylvania. has gotten to a point where the market will start shrugging off bad news and start looking forward.

Wall Street ended the week on a modestly upbeat note on Friday, but confidence in the financial system remains shaky at best.

For the week, the Dow was down 5.6 percent, the S 500 fell 5.9 percent and the Nasdaq fell 3.02 percent. All indexes are squarely in the red for the year to date.

The economic calendar is light next week, with the highlight a report on weekly initial jobless claims on Thursday, which should provide further insights into labor market deterioration.

One other area of interest will be housing starts, also uk canada goose outlet due Thursday. Investors may well welcome Canada Goose Coats On Sale a drop in starts as being helpful to working off the overhang of unsold homes.

need to see continued signs of housing stabilizing, that is, inventory of unsold homes declining, said Ghriskey. Until we see some of those signs, there is uncertainty.

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