"I voted BUSH for my pocketbook": Wall Street jitters over inflation

NEW YORK - Those looking for the market to make a substantial move higher will likely have a very frustrating week ahead. Chronic fears of inflation — spurred by record oil prices and reports of higher prices for consumer goods and services — have sent the major indexes to their lowest points of 2005.

And in the week ahead, there is only a handful of earnings reports and a dearth of economic data to give investors guidance.

A lack of news in a skittish market is never good. A best-case scenario would be a flat to slightly higher market as investors shift their portfolios or attempt to find sold-off bargain stocks. But with oil prices well above $57 per barrel, investors may continue last week's sell-off, abandoning stocks for the relative safety of bonds, or even just sitting on their cash.

With the bulk of earnings season just a week away, bad news may also come from corporate America as companies who don't expect to meet Wall Street's earnings expectations revise their forecasts lower to blunt the inevitable hit to their stock prices.

http://story.news.yahoo.com/news?tmpl=story&cid=509&ncid=509&e=1&u=/ap/20050403/ap_on_bi_ge/wall_street_week_ahead

I hope corporateers jitter themselves into nervous breakdowns!!!

:puke:

When people become more valuable than profits, then I may have a change of heart,...but, that won't happen unless the top of the capitalistic pyramid blows like a volcano. I suspect they'll just devour one another.

deserves the dope slap that is surely coming their way. Unfortunately, a lot of us will also get caught in the wake of that slap.

I voted AGAINST Bush (Trice!) because the family was bad for my pocketbook.