So -- what do we look for now that the Fed has announced it won't bail out stupidity but will bail out a slowing economy? The answer is pretty simply: signs of a slowing economy.
So - next week we have construction spending, ISM manufacturing and auto sales on Tuesday. All of these are important numbers.
The Redbook is on Wednesday. This might be more important than usual.
On Friday we get employment. This is the biggie. The primary argument from the bulls is the employment situation is a strong reason why the economy is doing well. That makes this number doubly important.
