Week April 22 2011 – Weekly Recap & The Week Ahead
Monday, April 25th, 2011“Change is the law of life. And those who look only to the past or present are certain to miss the future.” — J.F. Kennedy
1. S&P cuts U.S. rating outlook to negative — Standard & Poor’s cut its ratings outlook on the U.S. to negative from stable, sending a lightning bolt through the deficit-reduction debate in Washington and sending stock markets sharply lower.
2. Finnish election results threaten EU bailouts — Finnish voters have ousted their government and handed major gains to the True Finns anti-bailout party, placing a major doubt on Europe’s rescue funds for debt-ridden countries.
3. Bearish Sentiment Up for the Second Week in a Row — according the the latest poll by AAII, courtesy of the Bespoke Investment Group, bearish sentiment from Investors Intelligence rose for the second week in a row. At a level of 19.2%, however, current levels remain low by historical standards.
The week ahead — Economic data from Econoday.com:
