I think it will end the week up another 5% on good earnings and finally something positive about the economy. They released, saying january retail was up 1% over december on bargins. Maybe that is a good sign.
Don't forget Detroit's Tuesday deadline for their 'sustainability plan'. Though they've been asked to present a plan for survial, we'll probably get another campaign of 'economic terrorism' designed to enable them to join the 'too big to fail' club.
On the flip side, if the govt DOES announce a mortgage assistance program on Wednesday, it could (based on what we saw yesterday) provide a broad market tailwind for CHK's first post earnings trading day.
You are right about that. The government won't let F or GM fail because it would not bode well for the entire rust belt. Michigan,Ohio, and Pennsylvania are already hitting the skids and voted for Obama. Commodiies prices are bound to rebound as the US dollar is weakened. A short cover rally would be a time to take profits on the main bank players such as GS or JPM as they try to give the money back to TARP. This will be fun to watch. Just keep your bases covered and enjoy the show.
You have that right and the markets could be fun to watch. Oil moving up already. The US Dollar is in for a drop and will cause commodities to rise. If CHK comes out with better than expected earnings, $22 could come fast and furious. Time will tell. Good luck to you.