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Investors on watch for early signs of an economic turnaround also will wade through two economic surveys on how business and the housing market are faring this month, plus January's industrial activity and inflation.
"Everyone knows that the economy is weak, but the consensus is that the economy will bottom in the summer," said Alec Young, equity strategist for Standard & Poor's equity research unit. "If you see the numbers miss, it makes it harder for investors to believe things will get better."
News out of the Beltway could still wreak havoc across traders' screens when they return from the President's Day holiday weekend Tuesday.
U.S. Treasury Secretary Timothy Geithner could fill in the details of his recently announced plan to partner with private investors to wipe the bad assets off banks' books. Stocks sold off sharply in the past week, after analysts said the plan fell short of the needed fix for the beleaguered banking system.
Geithner has yet to detail how much the government will pay to take bad loans and securities off the balance sheet of banks. Too low a price for these illiquid assets would likely cause some banks to take a fresh round of charges, further pushing off a recovery in the financial system.
"There will be a lot of speculation as to whether Geithner comes out with the details," said Greg Valliere, senior political strategist at Stanford Financial Group in Washington, D.C.
The Treasury or the FDIC could reveal how it plans to value toxic mortgage-related assets by rescuing a struggling financial institution, according to analysts.
For weeks, mixed sentiment about the progress of a second economic-stimulus package and the Treasury's bank plan has teased the benchmark indexes.
http://www.marketwatch.com/news/stor...832C61A5B86%7D
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özetle, düğüm, Timotinin bankaların kötü varlıkları ile ilgili planıyla çözülecek.
"Everyone knows that the economy is weak, but the consensus is that the economy will bottom in the summer," said Alec Young, equity strategist for Standard & Poor's equity research unit. "If you see the numbers miss, it makes it harder for investors to believe things will get better."
News out of the Beltway could still wreak havoc across traders' screens when they return from the President's Day holiday weekend Tuesday.
U.S. Treasury Secretary Timothy Geithner could fill in the details of his recently announced plan to partner with private investors to wipe the bad assets off banks' books. Stocks sold off sharply in the past week, after analysts said the plan fell short of the needed fix for the beleaguered banking system.
Geithner has yet to detail how much the government will pay to take bad loans and securities off the balance sheet of banks. Too low a price for these illiquid assets would likely cause some banks to take a fresh round of charges, further pushing off a recovery in the financial system.
"There will be a lot of speculation as to whether Geithner comes out with the details," said Greg Valliere, senior political strategist at Stanford Financial Group in Washington, D.C.
The Treasury or the FDIC could reveal how it plans to value toxic mortgage-related assets by rescuing a struggling financial institution, according to analysts.
For weeks, mixed sentiment about the progress of a second economic-stimulus package and the Treasury's bank plan has teased the benchmark indexes.
http://www.marketwatch.com/news/stor...832C61A5B86%7D
--------
özetle, düğüm, Timotinin bankaların kötü varlıkları ile ilgili planıyla çözülecek.
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