October's almost here: Is the market headed up or down?

Filed under: Forecasts, Indices, Market matters, S and P 500, DJIA, Housing

It's almost October and the pundits are at again, predicting that the market should sell off again. Let's look at their reasoning.

• We have an ongoing deterioration in consumer debt.


• Joseph Stiglitz, Nobel Laureate, says that "the U.S. banking sector is now in worse shape than before the collapse of Lehman Brothers.


• Bank profitability is expected to come under pressure.


• The U.S. housing outlook is grim.

Continue reading October's almost here: Is the market headed up or down?

October's almost here: Is the market headed up or down? originally appeared on BloggingStocks on Sun, 20 Sep 2009 16:10:00 EST. Please see our terms for use of feeds.

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