Saturday, January 15, 2005
Last week and Next week
Since the start of the year, the Russell 2000 index of small-cap stocks has shed more than 5%, but the Russell 1000 index has fallen just 2.4%. In 2004, large-caps rose 9.4% on average while small-caps surged about 17%. ===> don't buy riskier small cap stock!
Homebuilder and steel sold off and recovered.
Watch the oild, over 48 again, how long can it last? As traders reacted to hits to production in Iraq and Norway. In addition, a wave of very cold weather heading toward the northern U.S. this week -- after a two-week wave of warmer-than-usual temperatures -- drew attention to heating oil supplies. With demand at a seasonal peak, weather patterns frequently play a key role in determining prices. Traders continue to speculate about whether OPEC will agree on another round of production cutbacks at its Jan. 30 meeting in Vienna, having already cut production by 1 million barrels a day at the beginning of this month.
Earning: 76 S&P, including YHOO(Tue) IBM(Tue) EBAY(Wed)
Homebuilder and steel sold off and recovered.
Watch the oild, over 48 again, how long can it last? As traders reacted to hits to production in Iraq and Norway. In addition, a wave of very cold weather heading toward the northern U.S. this week -- after a two-week wave of warmer-than-usual temperatures -- drew attention to heating oil supplies. With demand at a seasonal peak, weather patterns frequently play a key role in determining prices. Traders continue to speculate about whether OPEC will agree on another round of production cutbacks at its Jan. 30 meeting in Vienna, having already cut production by 1 million barrels a day at the beginning of this month.
Earning: 76 S&P, including YHOO(Tue) IBM(Tue) EBAY(Wed)
# posted by david chen @ 1:27 PM 
