From: Market Watch
By BarbaraKollmeyer
Critical information ahead of the U.S. market’s open
Getty Images
Investors
are about to embark on a great adventure — a week without Chinese
interference. Millions are hitting the road for the Lunar New Year
holidays, and local markets are shut. To keep cash flowing for the
holidays, the People’s Bank of China has been pouring money into the
financial system all week.
One thing that China break should
provide is plenty of time for Wall Street to go into hyper-navel-gazing
mode over the U.S. economy — and it’s been doing a lot of that,
recently. One giant update in the forms of jobs data comes later today,
to polish off the week. (Just in, see below)
Meanwhile, the
ripples we’ve been seeing across several asset classes — gold bugs are
smelling life and the dollar has tumbled, while the S&P 500 is set
to lose over 1% — has brought out some bears. Credit Suisse pushed out a
note this morning entitled “Dangerous markets.” MORE
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