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The Federal Reserve announced that it will be buying more toxic assets in the month of November. This is positive news for Wall Street as the economy moves forward toward recovery. Shouldn’t these derivatives be halted in all firms? The leverage that is used could hurt Wall Street firms in the near future.

Those that are returning to the workforce are being asked to multitask; meaning some may be asked to do the work of three for the pay of one individual. This also means that a worker has to have more than one skill set. The requirements for employees are rising so that companies can fit the right people for the job. Stress levels and burnout could rise significantly for today’s employee.

What do you think about the foreclosure freeze? Obviously Bank of America wants to make sure all of its I’s are dotted and T’s are crossed. Apparently, the company is going over all foreclosure paperwork to make sure business was transacted properly on the company’s part. Justifying each mortgage will be mundane but is very responsible. There is an abundance of foreclosures that should be going forward but are also halted.

The week ahead looks like some economic data could propel the market as initial jobless claims and PPI will be reported on Thursday. CPI and retail sales will be reported on Friday. Business inventories and the Michigan Sentiments will also be announced on Friday making Thursday and Friday important to tune into the Gurus and the news. Economic data is expected to be in-line with economists’ forecasts but this of course rarely happens.

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chart courtesy Gecko Software’s Track n’ Trade Pro
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