Stock Market: Looking Forward to Next Week ?

If history is a guide, 2011 could be a good year for stocks. But the risks are big. The monthly jobs report will be the coming week's most important event.

The first week of the year will shed light on those challenges with key reports due on manufacturing, auto and retail sales for Dece too much optimism.mber and factory orders. Most important will be the Labor Department's report on December unemployment, due before the market opens on Friday. 

There are also four earnings reports to consider: Mosaic (MOS), Family Dollar (FDO), Constellation Brands (STZ) and seed producer Monsanto (MON).

Expert said, stocks could produce another good year for investors. For starters, 2011 will be the third year of Barack Obama's administration, and there hasn't been a down year in Year 3 of a presidential administration since 1937.

Consider it a really good year if there's a repeat of 2010, with the Dow up 11%, the S&P 12.8% and the Nasdaq up 16.9%. That would mean the Dow at 12,900, the S&P 500 at 1,400 and the Nasdaq at 3,000-plus.

And if that happens, a major correction will become probable.

Here are our major concerns to face：

1)      Oil prices are rising. 2) Many banks are still struggling. 3) There may be too much optimism.

4) China may not deliver. 5) Will Europe be able to take care of itself?