In This Issue:
Rally five weeks old...
Leaders jump out
Falling consumer spending in the spotlight
Still in sell mode but...
Quote of the week
"When we look at the systematic financial system we're in, and it affects every country in the world including Canada, I think staying bearish is the route to go," Economist Nouriel Roubini.
Rally finishes fifth week...
Stocks finished their fifth consecutive week of gains. Given the weak performances Monday and Tuesday with the S&P500 dropping more than 3%, Thursday's strong close with a gain of nearly 4% was a pleasant surprise for the bulls for a number of reasons. It came on the last trading day of a holiday shortened week and a strong close on the last trading day is a bullish sign. It means that investors are confident enough to hold over the weekend and a long one at that. However, weekly volume was below average and that should be a concern....