Market Features
Weekend Reading: It's the Election, Stupid
By Paul Kedrosky
RealMoney.com Contributor
11/5/2006 1:15 PM EST
URL: http://www.thestreet.com/markets/marketfeatures/10320058.html
Good Sunday morning and welcome to Weekend Reading. As always, here are some articles and papers worth reading. First, however, a look back at the week that just finished, and a look forward to the week ahead. It was a down week on the major markets, one that took the Dow back below the 12,000 mark. Overall, the Dow and the S&P 500 were down 0.9% and 1.0%, respectively, and the Nasdaq lost 0.8%. Click here for the weekly performance.Of course, the biggest event next week is the big Web 2.0 conference in San Francisco that starts Tuesday. I'm kidding. Whatever the pretensions of the torch-holders for tech's latest trend, the big story next week will be the Nov. 7th elections. While it looks like Democrats will take the House, there are so many close seats that this one could go any way, from Democrats taking both the House and Senate, to the Democrats taking neither. The market is currently pricing in a Democrat House win, so anything else will send markets spinning like an addled Central Park skater. As for economic reports, Thursday will see the University of Michigan's preliminary reading on November consumer sentiment. On the same day, the government plans to release the latest data on the trade deficit. Turning to earnings, things are beginning to slow down. Two companies worth watching are Cisco (CSCO) and Federated Department Stores (FD) . Finally, here are some articles and papers worth reading: Editor's note: To access some of these stories, registration or a subscription may be required. Please check the individual links for the site's policy.
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| 1 | What would best describe your stance heading into the coming week of trading? | | | | | 2 | Which of these sectors do you think is set to move up in the coming week?--Choose One--Aerospace and DefenseAirlinesAutomobilesBeverages and Food ProductsBiotechnologyCommercial BanksComputers and PeripheralsConsumer NondurablesEnergy Equipment & ServicesHMOs and HospitalsHomebuildingInsuranceIntegrated OilInternet, Software ServicesInvestment Bankers and BrokersMediaMultiline RetailPharmaceuticalsPrecious MetalsSemis, Semi EquipmentTelecom EquipmentTobacco and AlcoholWireless CommunicationsUtilities | | | 3 | Which of these sectors do you think is set to move down in the coming week?--Choose One--Aerospace and DefenseAirlinesAutomobilesBeverages and Food ProductsBiotechnologyCommercial BanksComputers and PeripheralsConsumer NondurablesEnergy Equipment & ServicesHMOs and HospitalsHomebuildingInsuranceIntegrated OilInternet, Software ServicesInvestment Bankers and BrokersMediaMultiline RetailPharmaceuticalsPrecious MetalsSemis, Semi EquipmentTelecom EquipmentTobacco and AlcoholWireless CommunicationsUtilities | |
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Dr. Paul Kedrosky is a former highly ranked sell-side technology equity analyst, and he currently runs a technology finance institute at the University of California, San Diego. He is also a venture partner with Ventures West, an institutional venture capital firm with more than $400 million under management. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. While Kedrosky cannot provide investment advice or recommendations, he appreciates your feedback; click here to send him an email. The Street.com has a revenue-sharing relationship with Amazon.com under which it receives a portion of the revenue from Amazon.com book purchases by customers directed there from TheStreet.com.
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