The DOW popped for 196 and 175 on Wednesday and Thursday as the bulls anticipate Bernanke spreading good cheer in next week’s FOMC meeting. There is so much turmoil surrounding the credit markets and the sub prime debacle that passing out a lump of coal (no rate cut) can’t be a serious option. Will a ¼ point cut be enough to kick off the traditional Santa Claus rally? Tune in around 2PM on Tuesday to find out.
For the week, the DOW, S&P 500 and NASDAQ were up 1.9%, 1.6% and 1.7% respectively. Commodities were mixed. Gold and silver were up 1.4% and 2.4%, while Oil and Copper were down 0.5% and 1.8%. Gold stocks as represented by the XAU were up 1.9%.
The TTaMG portfolios had a great week:
- Fab 4 6.0%
- BBO 5.3%
- BRIC 4.3%
- Real Money 3.5%
- TBS -0.1%
- MDs Ag Play 5.7%
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