I received this market information from my good friend Chris Basset at Metlife in Sandpoint, ID. Looks like the market is still bearish. But, as we all know there is opportunity out there if you are one of those who is weathering the storm well.

This week we have several reports with expectations for almost all to decline that will more than likely take a toll on the stock market as people look for a safe place to put their money. In most cases that is in a form of bond, and the Mortgage Backed Securities market is seeing revived interest with the $600 Billion injection into that market by the feds. Expect maintained low rates barring some possible unforeseen information. Today's rate 5.375% 30 yr. fixed with possible improvements likely.

Today:
Construction Spending: November Actual -1.2% Month to month. Definition: The dollar value of new construction activity on residential, non-residential, and public projects. Data are available in nominal and real (inflation-adjusted) dollars. Expected -.9%

ISM Manufacturing Index: November Actual 36.2 (down from June's 50.2). Definition: The Institute for Supply Management surveys more than 300 manufacturing firms on employment, production, new orders, supplier deliveries, and inventories. A composite diffusion index of national manufacturing conditions is constructed, where readings above (below) 50 percent indicate an expanding (contracting) factory sector. Export orders, import orders, backlog orders and prices paid for raw and unfinished materials are also measured, but these are not included in the overall index. (Institute for Supply Management). Expected 38.4

Rest of the week: I have included a link for definitions and expectations if you would like more information about any of the upcoming reports.

Tuesday 12/2/2008:
Motor Vehicle Sales: http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/motor_vehicle_sales_1/year/2008/yearly/12/index.html

Wednesday 12/3/2008:
!!!!! MBA Purchase Applications: http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/mba_purchase_applications/year/2008/weekly/49/index.html
ADP employment report: http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/adp_employment/year/2008/yearly/12/index.html
ISM Non-MFG Survey:
http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/non_manufacturing_napm/year/2008/yearly/12/index.html

Thursday 12/4/2008:
Jobless Claims: http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/jobless_claims/year/2008/weekly/49/index.html
Factory Orders:
http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/factory_orders/year/2008/yearly/12/index.html
Chain Store Sales:
http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/chain_store_sales/year/2008/yearly/12/index.html

Friday 12/5/2008:
Employment Situation:
http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/employment_situation/year/2008/yearly/12/index.html
Consumer Credit: http://www.econoday.com/clients/basics/bloomberg/reports/US/EN/New_York/consumer_credit/year/2008/yearly/12/index.html