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A Full Plate with Plenty to Chew On

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Make sure you add DKSC to your watch list because it has rallied twice in the last few months and could run again. From Oct to mid Nov of last year DKSC rallied over 160% and came down and rallied up 80% the second time!!
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A Full Plate with Plenty to Chew On

Monday, 28 April 2008

By Christian Hill
While last weeks economic calendar was on the lighter side with only four major reports, this week is packed with a whopping nineteen reports. There is an FOMC meeting this week and critical reports such as first quarter GDP, factory orders and April employment figures. This week could be the point where the Fed may finally
admit we are in a recession.
The GDP report for Q1 will be released Wednesday morning and is expected to show only a 0.40% growth rate, down from the 0.60% of Q4 2007.

This would mark the second straight quarter with a decline, and would show an anemic growth rate. However, the bar may just be low enough to beat estimates.

The employment numbers are looking just as bleak. The expectation is for another 80k jobs to be lost, matching last months’ numbers. Due to these additional job losses, the unemployment rate is expected to tick up slightly to 5.20%.

If this number holds, it will be the highest unemployment rate since March 2005.

The report that will get the most attention this week is the Fed policy statement. As it stands, expectations show a 70% chance of a one-quarter percent rate cut and a 25% chance of a one-half percent rate cut.

So it is a relative safe bet for a smaller cut, but it wouldn’t be a shocker to see the half-percent cut, considering how bad everything else is going.

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Other Reports Beside the Fed This Week

Rick PendergraftObviously the most important report of the week is the FOMC meeting, but there are other reports that will move the market this week.
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Dont Miss McCainonomics 101

By Charles Delvalle Dear Reader, Yesterday, Mitt Romney dropped out of the Republican primary race. Since it’s now pretty obvious that John McCain will be the Republican nominee, this...
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