Market Braces For 'terrible,' 'awful' News

Market braces for 'terrible,' 'awful' news

Investors this week will face a large batch of company report cards, in what is shaping up to be the worst quarter for corporate profits in a decade, CNNMoney reports. Investors will also digest reports on housing, consumer confidence and leading economic indicators. "Everyone is bracing for the GDP number to be pretty terrible, but the bigger surprise could come with the housing numbers, which are also expected to be awful," one analyst says.

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