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New Year's Linkfest

Posted on December 30, 2007

Another wild and wooly week on the Street of dreams: Retail and Real Estate stunk up the joint, while commodities extended their gains. The big winners were Gold (+3.3%) Oil (+2.9%) and Emrging Market stocks (+2.6%) as the dollar dropped 1.1%. They are up 32.2, 57.2, and 36.6% respectively. This week's losers were REITs (-2.1%), the Russell (-1.8%) and the aforementioned greenback. The S&P, Dow and Nasdaq all lost less than a percent on the week. Earnings and GDP expectations for Q4 are shrinking, while hope still lives that the worst of the credit crunch is behind us. This looks to b...

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