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On the Horizon: The Day Ahead: October 21, 2008

Day In Review:

• Bernanke gives support for second stimulus package, but cautioned on raisingtaxes amid a general economic slowdown

• Treasury Secretary Paulson urged banks to seek capital from the US government

• The snail like pace of improvement in credit conditions continuedwhich gave equities a lift to pen the trading week

Day Ahead

• No macro economic data on deck for Tuesday

• D-Day as Lehman CDS are settled.

• Bank of Canada monetary announcement

• Australian CPI to be released

• ICSC Store and Redbook sales

• 4 and 52 week treasury auction

 

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