Thursday:
• At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for 275 thousand initial claims, down from 277 thousand the previous week.
Here is a graph (click on graph for larger image) from Doug Short and shows the S&P 500 since the 2007 high … more graphs from Doug here: S&P 500 Snapshot: Down 2.50% for the Day and 11.29% Off Its Record Close