- Notable earnings before Friday's open: [[ACI]], [[AEP]], [[AIV]], [[AON]], [[BPO]], [[BWA]], [[CSE]], [[CVH]], [[CVX]], [[ENDP]], [[FO]], [[ITT]], [[LPX]], [[MCK]], [[MRK]], [[NWL]], [[PEG]], [[SPG]], [[UFS]], [[UPL]], [[WY]]
- Friday's economic calendar: 8:30 GDP Q2 8:30 Employment Cost Index 8:30 ISM New York Business Index: 9:45 Chicago PMI 9:55 Reuters/UofM Consumer Sentiment 3:00 PM USDA Ag. Prices
- Despite cries that letting the Bush tax cuts die would kill any recovery, few dare utter an uncomfortable reality, according to Gregg Easterbrook: Taxes should rise for everyone, not just for the rich. Americans think they're clobbered by onerous taxes, but U.S. taxes are relatively low compared to the rest of the world, and federal income taxes have fallen dramatically.
