Money Talks – The market is puzzling.

Hello,

This is actually my first post of this new addition of Money Talks. After a day of rest for the Canadian Economy, its thanks giving over here, the U.S. and World market have become a bit more puzzling then usual.

Two major concerns that might boost or bust the current market, the Third quarter earnings report and the UAW talks with Chrysler.

UAW just set Wednesday morning to be the deadline for a new Chrysler contract, if they fail to agree, we might be looking at a strike. If Strike were to occur, we in the North America surely knows that this would definitely be a blow to the economy as Auto Plants throughout the continent shuts due to lack of production parts. If they fail to strike, then we would see Chrysler stock price rocket like General Motor’s.

A second uncontrollable factor is the third quarter report that would becoming in starting Tuesday with aluminum producer Alcoa Inc. Obviously, after the Sub prime ‘interesting yet I hate it very much’ incident, everyone would expect the reports to reflect the levels of difficulty faced. However, this report would also provide insight into how companies would be doing in the forth quarter. As usual, if the reports are stronger then expected, the market would rocket, if it doesn’t, then we’ll most likely see a slow down if not a fall.