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January 2010

The adage "as January goes, so goes the year" bodes ill for equity investors after the S&P 500 closed out its worst month in almost a year.This week, they will have to contend with fears of sovereign defaults and potential unpleasantness in the U.S. labor market as well.

U.S. corporations have so far handily beat analysts' earnings forecasts. With heavyweights like Exxon Mobil [XOM  64.43    -0.53  (-0.82%)   ] and United Parcel Service [UPS  57.77    -1.19  (-2.02%)   ] set to report this week, investors will be looking for that to continue, going some way to offset the perception that political risk is on the rise.

Still, China's protest over the weekend of a $6.4 billion U.S. arms sale to Taiwan is yet another political bump in the road for investors. China said it would impose unspecified sanctions on any companies involved in the deal.

A Dogs Life - courtesy RZ

Taylor Swift, country music darlin’, wins the prize for grace under pressure  -  New York Times


 Holy bunny that is a big rabbit.

Costa Rica Sunset

 
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