And That’s The Week That Was: 10.12.07

October 14, 2007 |

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Attached/linked please find And That’s The Week That Was…the Brounes & Associates market/economic commentary for the week ended October 12, 2007.  Fed policy meeting minutes, earnings season, a surprise announcement by Wal-Mart, and a few new “gender-friendly” transaction…Yep, investors had plenty to digest this week.   Techs benefited from some favorable merger news, while small-cap issues lagged behind again.  Holiday shopping season approaches and most retailers have no idea what the future months may bring.  Fed Chair Bernanke is riding a sudden wave of popularity, though the “what have you done for me lately” attitude will be re-examined come October 31 and the next Fed meeting.  (Bear in mind, oil prices keep rising and inflation may not stay on the backburner forever.)  Until then, enjoy the love, Dr. B. 

Coming up in the week ahead:  CPI (Wednesday), Housing Starts (Wednesday), Fed Beige Books (Wednesday)

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