Initial Jobless Claims

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:

Before Market Opens:
Economics:
8:30am ETInitial Jobless Claims - Street Sees 510KEarnings:

Addus Homecare Corp. (NYSE: ADUS) – no consensus
AECOM (NYSE: ACM) – consensus EPS $0.46
Alliant Techsystems Inc. (NYSE: ATK) – consensus EPS $2.07
AmBev - Companhia de Bebidas Das Americas (NYSE: ABV) – consensus EPS $2.51
Brooks Automation (NYSE: BRKS) – consensus loss $0.25
China Automotive Systems Inc. (NYSE: CAAS) – consensus EPS $0.15
Cinedigm Digital Cinema Corp (NYSE: CIDM) – no consensus
Companhia Brasileira de Distribuicao (NYSE: CBD) – consensus EPS $1.52
Dovers Saddlery Inc. (NASDAQ: DOVR) – consensus EPS $0.04
Evolution Petroleum Corporation (NYSE: EPM) – consensus loss $0.02
Gammon Gold Inc. (NYSE: GRS) – consensus EPS $0.05
Global Sources Ltd. (NASDAQ: GSOL) – consensus EPS $0.05
Henry Bros. Electronics, Inc. (NYSE: HBE) – no consensus
HSN, Inc. (NASDAQ: HSNI) ...

Don’t Fight the Fed!

I know that we've mentioned this a time or three over the past decade, but one of the oldest clichés on Wall Street is "Don’t fight the Fed." The thinking is that if the FOMC is in the process of either deflating or reflating the economy, it is best to get out of their way because, in short, these guys control the money supply. This phrase may be appropriate again right now because after yesterday’s Fed meeting, it is clear that Mr. Bernanke & Co. are on the warpath and won’t rest until mortgage rates fall, lending picks up, and the economy improves.

The bears have argued that the downward spiral in the economy is unlikely to be halted any time soon because after the Fed cut rates to 0%, they ran out of ammunition. However, Mr. Ben Bernanke is proving that he may indeed be ...