By Carlos Guillen
So far there continues to be a lot of uncertainty in the air. However, Friday’s trading session was rather calm, after a roller coaster of a week. the Dow Jones Industrial Average finished slightly in green territory, up close to 0.25%. We believe next week should be another rough one as it will reveal the affects of the Spanish elections this weekend, the ongoing protests in Greece and the Super Committee reduction plans – which more than likely will not be met.
Perhaps a bit encouraging, leading indicators have brought some hope back to the market, not a lot of hope, but we’ll take all we can get. The Conference Board announced that its index of Leading Economic Indicators increased by 0.9% in the time frame between September and October, landing slightly above the Street’s consensus estimate of 0.6% and continuing to move in the right direction.
Source: http://seekingalpha.com/article/309038-leading-indicators-signaling-hope?source=feed
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