Sep

17

And That’s The Week That Was: 9.14.07

September 17, 2007 |

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Attached/linked please find And That’s The Week That Was…the Brounes & Associates market/economic commentary for the week ended September 14, 2007.  To cut or not to cut?  By 25 bps or 50 bps?  Concerned about housing/subprime or oil prices and inflation?  These are just a few of the questions Bernanke will be asking his mighty men (and women) next week at the Federal Reserve Open Market Committee meeting.  Another volatile (yet positive, for a change) week in the equity markets left investors with but (almost) two trading days before the intentions of the Fed are revealed.  And it can’t seem to get here soon enough.  Apple, Countrywide, and GM were all in the news this week, but no one really seemed to notice.  Investors have a one-track mind these days.  And Tuesday, they should get all the answers they have been seeking (though the accompanying statement may prompt a few new ones). 

Coming up in the week ahead:  PPI (Tuesday), Fed announcement (Tuesday), CPI (Wednesday), Housing Starts (Wednesday)

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