And That’s The Week That Was: Sept. 7, 2007

September 8, 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 7, 2007.  So, did everyone return from the Labor day holiday only to find that their jobs had been eliminated?  A surprising decline in payroll last month prompted a major late week sell-off in equities and caused investors to scramble (again) back to the safe-haven of treasuries.  Alan Greenspan didn’t help the market mindset when he compared the current turmoil to the Black Monday crash of 1987 AND the Long-Term Capital Management debacle.  The Fed’s policy meeting on September 18 can’t get here soon enough as all eyes remain on Bernanke and friends with most analysts now calling for at least a 25 bps funds rate cut.  Small-caps have suffered more than most as the Russell 2000 Index is now down 1.50% for the year.  It could be worse…At least you have a job.  

Coming up in the week ahead:  Trade Balance (Tuesday), Retail Sales (Friday), Industrial Production (Friday)
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