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Weekly Market Review - 8-12 December 2008

Auto Makers Bailout, Unemployment, Oil Price Moves




Last week we had another sequence of strong moves in the market, driven by the conflicting news on various big topics such as the $15 billion Bailout of the Auto industry, the 26-year high unemployment report and Oil prices climbing up again. All this commotion actually resulted in almost no change for the week for the Dow Jones and the S&P500, while Nasdaq closed a touch above 2% up.

We took advantage of the fallback the market had in the second half of the week with these two trades, on Wednesday and Thursday.

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