The major indices closed on Friday in far better shape than might have been expected, suffering only modest declines for the week as a whole after Fed Chairman Ben Bernanke sparked a sustained rally on Friday with comments suggesting the Fed was willing to consider more muscular intervention in the economy to quicken the pace of recovery. We expect, however, that the rocky ride for investors is expected to continue in the coming week, as the glow from recent corporate earnings reports fades and the focus shifts to weak—and weakening—economic data.
Popularity: 16% [?]
