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Week in Review


See you on Monday, Minyans!


Market Recap

The Four Sisters found their footing early in the week as M&A activity remains strong and the ISM Non-Manufacturing Survey proved to be stronger than anticipated which eased fears of a hard landing. Further, stabilization is seen ahead for the housing market. However, equities gave back part of their gains later in the week as big-technology names such as Oracle (ORCL), Apple (AAPL) and Research in Motion (RIMM) led the decline. The important jobs report on Friday showed a jump in November payrolls, but employment in the construction industry continues to contract which is a cause of concern for the Bulls.

Oil prices moderated over concerns of warmer weather in the United States, but remained supported ahead of OPEC's meeting next week. Bonds and precious metals were under pressure all week behind stronger than expected economic data.

The Four Sisters Performance

ETF Watch

Top Headlines

November payrolls increased by 132,000, more than the expected 105,000 rise. Unemployment edged up slightly, but the overall report signaled a healthy job market which eased fears of a "hard landing." (Fri 8th)

The Seminole Tribe of Florida will buy the Hard Rock business for $965 million and includes 124 Hard Rock Cafes. (Thurs 7th)

Jobless claims fall by the most in 6 months, calming fears of last week's big spike. (Thurs 7th)

The European Central Bank raised its key interest rate a 1/4 of a point, but the strong Euro could give the bank reason to stop rate hikes next year. (Thurs 7th)

The ISM Non-Mfg Survey rose unexpectedly easing fears of last week's lower than expected manufacturing reading. (Tue 5th)

President Bush and British Prime Minister Tony Blair both agreed the situation in Iraq was grave and that a new plan was needed to move forward. (Thurs 7th)

The much anticipated IPO of sneaker maker Heelys Inc. (HLYS) took place on the NASDAQ Friday through a 6.4 million share offer priced at $21 each. (Fri 8th)

Earnings Snapshot

Luxury home builder Toll Brothers (TOL) reported a 44% dive in quarterly earnings, but the CEO said there is evidence of stabilization in the housing market in the near future. (Tue 5th)

Market Movers: Winners and Sinners

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No positions in stocks mentioned.

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