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Sunday, January 18, 2009

U.S. Stock markets are closed on Monday

Monday the 19th of January the American stock markets are closed for a National Holiday, Martin Luther King Day.
On Tuesday the 20th we have Inauguration Day when Barack Obama will be sworn in as the 44th president of the United States. Public Offices will be closed but the Stock Markets remain open.
Around 180 Companies are reporting results this week.
Traders expect stocks to get a boost from the Inauguration, but diappointing earnings and results could dampen the enthousiasm.
The 4th Quarter earnings are the most important indication for the markets at the moment and going to set the direction for the coming months.
The market has largely written off the first half of 2009 and the upcoming bad news is mostly incalculated. Unexpected (good or bad news) events can however have a large impact on the mood of the day and on the global markets. Investors risk their money and they want returns, not words, plans or promises.

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