And That’s The Week That Was

August 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 August 10, 2007.  The past week can be summed up in three simple words:  volatility, volatility, volatility.  These days, any session with less than a 100 point movement (on the Dow) in one direction or the other is considered a slow time in the markets (but would be more than welcomed by investors).  The week was highlighted by a Fed policy meeting (with a disappointing accompanying statement), additional subprime woes (with more big players being raked across the mud), and the continuation of earnings season (that no one seemed to notice).  Stay tuned…next week should prove to be equally fun (is that the right word?) as the inflation gauges will be subject to analysis and over-analysis.  (Anything to take attention away from subprime.) 

Coming up in the week ahead:  Retail Sales (Monday), PPI (Tuesday), CPI (Wednesday), Housing Starts (Thursday)

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