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This week’s economic reports

All times ET

  • 10 a.m. Construction spending (Nov)
  • 2 p.m. Auto sales, truck sales (Dec)


  • 10 a.m. Factory orders (Nov)
  • 10 a.m. ISM services (Dec)


  • 10:35 a.m. Crude inventories (Jan. 2)


  • 8:30 a.m. Initial unemployment claims (Jan. 3)
  • 2 p.m. Consumer credit (Nov)


  • 8:30 a.m. Average workweek, hourly earnings, non-farm payrolls, unemployment rate (Dec)
  • 10 a.m. Wholesale inventories (Nov)

See Yahoo Finance’s page for what the market expects. Pretty much all of the numbers are considered likely to get worse, though the market may imagine it has priced in all this bad news already and decide to rally (the 40 percent shellacking we took last year is Exhibit A). It’s not like anybody will be surprised to learn November and December were train wrecks.

My prediction: those who try to outguess the market will be proved wrong. Except when they’re right.

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Tom Mangan posted at 11:15 pm January 4th, 2009 |

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