What is ahead next week for stocks

Stock market closed lower Friday after another day of attempt rally yesterday. All indexes closed lower this week down over 3% for the week. The worst weekly close in over a year. The strength from yesterday's close did not continue today. I believe more downside is coming in the near term.

Event Calenders from Yahoo:

Conference/Events Calendar for the week of June 12th-16th: : Conference/Events Calendar for the week of June 12th-16th include:
Monday: NVS Discussion on key data concerning Novartis metabolic franchise, focusing on Galvus- Conf Call; BHE, SCSC, FLEX to PTA Bear, Stearns & Co. Annual Technology Conf; CRXL at Goldman Sachs Annual Global Healthcare Conf; Fed: Pianalto speaks on economy & policy; Fisher speaks on US/global policy; Olson speaks to Banking Regulatory Conf in Florida; Bernanke speaks at bankers' executive school;
Tuesday: ABT, BIIB, AMGN, MEDI, MRK at Goldman Sachs Annual Global Healthcare Conf; BBW, KMX, LDG at Credit Suisse Consumer and Retail Conf; CVG, IM, PAYX, WEBM, DELL at Bear, Stearns & Co. Annual Tech Conf; GGG, PNR, CMC, KEYW at CIBC First Annual Industrial Products & Capital Goods Conf; LCC, CNW at Merrill Lynch Global Transportation Conf; ORBK Investor and Analyst Day; SIRI, TWX, DIS, TIVO at Deutsche Bank Media & Telecom Conf; TNL Analyst Meeting;
Wednesday: ACLI, JBLU, PACR, SWFT, RUSHB at Merrill Lynch Global Transportation Conf; AOL, CDL, T, VIA, CLEC at Deutsche Bank Media & Telecom Conf; KWK Analyst Conf; LTM, DPZ, BDK, AZO at Credit Suisse Consumer and Retail Conf; MOSM, AGU, CF, MON at Merrill Lynch Agricultural Chemicals Conf; NSTK, RIGL, ISIS, CVTX, SNSS at Needham & Co 5th Annual Biotechnology Conf; OS, HON, GNA, RAIL at CIBC First Annual Industrial Products & Capital Goods Conf; SCUR at Credit Suisse Boston Small/Mid Cap Software Conf; SNS, BBG, CMG at Morgan Stanley Small Cap Executive Conf; Fed: Fisher speaks on economy; Fed's Beige Book; Minehan gives welcome remarks at bank conf;
Thursday: ISRG, SGP, CELG, JNJ, A at Goldman Sachs Annual Global Healthcare Conf; AMIS Analyst Meeting; BBW, KMX, LTM, AZO at Credit Suisse Consumer and Retail Conf; BNI, CSX, CNI, UPS at Merrill Lynch Global Transportation Conf; IPAS at Credit Suisse Boston Small/Mid Cap Software Conf; IVGN Investor Meeting 2006; NNI, SCSS at Morgan Stanley Small Cap Executive Conf; NRGN, PTIE, ARNA, IMGM at Needham & Co 5th Annual Biotechnology Conf; Fed: Boston's Fed pres Minehan give introductory remarks at bank conf; Kroszner speaks to bankers;
Friday: BTH Investor Q&A Call; NUVO Research & Development Briefing for Investors & Analysts; PORK at Premium Standard Farms at Morgan Stanley Small Cap Executive Conf; Fed: Poole speaks at Bank of Korea conference; Kohn speaks on global imbalances.

Earnings Preview for the week of June 12th- 16th: : Companies reporting earnings the week of June 12th- 16th include: Monday: LEH and STEI... Tuesday: BBY, GS and WWE... Wednesday: SMTS, PARL, and LGF... Thursday: BSC, PIR, KBH, and OVTI... Friday: CMED and WGO

Tags: Market Review, Weekly Digest