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BVN

This past week was another wild one for markets as a number of earnings reports combined with debt crises to create a very choppy couple of days. While worries over a debt deal in the U.S. and concerns over a European debt contagion may have weighed on markets, most equities managed to finish the week higher for the most part, boosted by extremely solid performances in Tuesday and Thursday trading. Tech earnings were especially strong as robust figures from IBM and unsurprisingly, Apple, helped to carry sentiment for this important corner of the market. Additionally, the transports, which many look to for strength coming out of a weak patch, also posted strong results as both CSX and Union Pacific beat estimates on higher shipping volume and price increases. Meanwhile, commodities also had a solid week as a weaker dollar, higher demand prospects, and continued uncertainty, helped to lift most resources higher. In fact, gold finished the week close to the $1,600/oz. mark while oil trended near the $100/bbl. level, demonstrating that commodity investing is alive and well in this current environment.  [click to continue…]

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