Monetary policy is also in the spotlight Tuesday, with the Federal Reserve releasing the minutes from its last meeting. The central bank is widely expected to keep its key interest rate target unchanged at historical lows between 0.0% and 0.25%.
Investors will scrutinize the statement for "any signs that the Fed will raise rates, or take any other intervention actions," said Mark Luschini, chief investment strategist at Janney Montgomery Scott.
With such a heavy schedule of reports on tap, stocks could see more action this week than they have in a slow September thus far. Last week, stocks ended higher on Monday and Wednesday but closed mixed to flat the rest of the week. The Dow gained 0.6% over the week, while the S&P added 0.3% and the Nasdaq leapt 1.3%.
The previous week, stocks went practically nowhere, with one big leap back and three baby steps forward.
I suppose it's possible that a conical shaped interstellar ship could land on my front lawn. Slowly the door might ease to the ground. A yeti could step out and deliver a large thin crust pizza to my front door. Could this happen? In this bizarro news universe, anything is possible.
I have all but given up hope of President Obama ever doing one thing that might actually benefit the citizenry of the U.S.
Tomorrow, President Obama is going to do what he does best. Talk. He will talk about how we inherited this mess, he will talk about failed policies, and he will use more of the same abstract rhetoric to talk about the economy. And about more failed policies he's going to try and enact to stimulate the economy. To create jobs. About 100 times. I won't be listening.
This is what he's not going to do. He is not going to admit that Obamacare is a failure, nobody wanted it, it couldn't have come at a worse time, and that it's economic ramifications are so enormous that this bill almost single handedly- stopped any hope of a recovery. Sorry about those jobs, fellas.
He is not going to admit that he doesn't have a clue about what the hell to do- although by now there are millions of us who know he is clueless. Those ranks are going to swell with time.
In my alternate bizarro universe, I suppose he could say Obamacare was a failure- I take it back. And while we're at it, the FED is robbing this country of it's wealth and my next mission in life is to abolish the FED. I suppose those things could happen.
Until then, I'm going to be in the front yard waiting for a pizza to arrive.
Post Script-Town Hall Meeting Over
I lied. I watched this cleverly choreographed and scripted libtard love fest on CNBC. It was, exactly, what I thought it would be. They did pipe in one Santelli question...he was on his best behavior...and the President was forced to agree. Not that it will change his government grabbing, tax and spend policies. A confiscatory government always believes...its our money- not yours.