Market Wrap- Week 12

THE TAPE:

UP

THE STORY:

This has been a week of "firsts" as recent history is concerned. It was the first week that the broad markets have shown a meaningful gain. It was also the first weekend in quite a while where my wife and I had consecutive days alone, so my enthusiasm to post has waned. I will most likely make up for it later this week.

In short, anything could happen this week. Credit ratings companies has reversed their opinions that the outlook for the financial sector is positive. That said, it looks like we are putting in higher lows and higher highs in quite a few of the sectors which tells us that there is a bottom coming in those areas. Commodities and metals are falling off (hope you took profits in gold). Talk to you soon.