While Wall Street is waiting on the stimulus package, will bad news keep coming?

It looks to be a light week in the stock market, with a holiday, inauguration day, and no significant economic reports.

Earnings season is upon us, and we'll soon see how bad the damage was to corporate earnings in the fourth quarter.

Deflation is the new theme in the economy, as trading volume returns to the financial markets after the holidays.

Trading volume will continue to be light with New Year’s Day on Thursday. With light volume, we have no stocks to watch this week, but the professional traders of TraderInsight.com reflect on 2008 and think about the year ahead.

Trading volume will be light with Christmas ahead, but bad news on upcoming economic reports is still expected this week.

A Federal Reserve interest rate cut and the Detroit auto bailout will dominate the market for coming week.

The November unemployment report was bad on Friday, but declining oil prices and mortgage rates could be the stimulus that the economy needs.

The good news this week is that preliminary figures are showing stronger-than-expected Black Friday retail sales.  The bad news is the upcoming November employment report is expected to show a loss of another 350,000 jobs, which would be the worst drop since 1980.

Futures are telling us there will be more gains when the stock market opens Monday morning. This upside bias comes from the weekend’s government rescue plan of Citibank (C), which injected $20 billion in cash and guaranteed billions in assets.