Weekly Economic & Investment Recap: 2.8.08

February 10, 2008 |

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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 February 8, 2008.  Well, apparently, last week’s stellar equity market performance may have been more short-term aberration than long-term trend.  (So much for the “trend being your friend.”)   This week, some confusing economic releases combined with more disappointing earnings reports to send the markets back into a tailspin.  While Warren Buffett emerged to add his two cents to the credit fiasco, most investors were more worried about the financial firm downgrades and the poor retail results.  Didn’t anyone out there watch the Super Bowl? 

Coming up in the week ahead:  Retail Sales (Wednesday), Trade Balance (Thursday), Industrial Production (Friday)

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