Big day Thursday..........
On Thursday, the House Financial Services holds a hearing on mark-to-market accounting, blamed by some for sinking the banking sector. An alteration of the rule would have a big upside impact on banking stocks.
Fed Chairman Ben Bernanke speaks Tuesday at the Council of Foreign Relations on financial reform and systemic risk, and Treasury Secretary Tim Geithner testifies before another Congressional committee on the Obama budget Thursday.
Retail sales, released Thursady, is the big data point economists are watching in the coming week. The NFIB small business survey is issued Tuesday, as is wholesale trade. Weekly jobless claims and business inventories are reported Thursday, and international trade, import prices and consumer sentiment are Friday.
Do what is “right”, never do what is “easy”. And do this "all" of the time, not just some of the time.
