Expiration looms and too much “talk” …
After virtually throwing up after reading, that AIG will pay around 1.2 bln$ in bonuses …
The outlook for next week is “scary” …
We have the following events …
Monday: Industrial production and capacity utilization for February
Tuesday: Federal Reserve’s Federal Open Market Committee meets, Producer Price Index for February, Producer Price Index for February, Hearing on proposals to modernize regulation of the insurance industry, Hearing on the regulation of systemic risk in the financial-services industry
Wednesday: Consumer Price Index for February, Hearing on competitiveness and climate policy, Hearing on AIG’s impact on the global economy, Fed announces decision on interest rates and issues economic statement, Hearing on lessons learned from the financial crisis about the oversight of risk management by federal regulators
Thursday: Hearing on the Troubled Asset Relief Program and oversight of federal borrowing, Hearing on how to prevent stimulus waste and fraud, Hearing on the role of industry in protecting the nation’s food supply, Hearing on small business lending, Fed Gov. Daniel Tarullo, Federal Deposit Insurance Corp. Chairwoman Sheila Bair, and Comptroller of the Currency John Dugan testify on modernizing bank supervision and regulation
Friday: Hearing on financial fraud and enforcement, at the House Financial Services Committee, “TRIPLE WITCHING” EXPIRATION
IMHO … Too many useless people will flood the market with too many senseless opinions which will result in low brain-high volatility trading.
Not a week to play hero 
Tags: expiration, outlook
