Service sector purchasing mamagers reports are due out on Friday as is the mother of all economic data points, the US employment report. Despite some signs of stabiliztion in some of the hosuing data and the ISM, the lagging nature of employment as an economic indicator has traders better the data will e weaker than the economists project. The consensus in the Reuters survey is for a fall of 650,000 but “whisper numbers” seem to all have a 700,000 handle.