Weekly Rewind: Down but Not Out

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(Glossary)

This is just a mini-holiday post on this last week of the year, gang. Last week's light volume trade left mostly red on the screen, with the S&P 500 (SPY) down about -1.6%. In fact, the only exceptions were Real Estate( (IYR) +4.1%), the U.S. Dollar ((UUP) +0.8%) and a handful of commodities.

In spite of the holidays, trader's will no doubt be keeping a close eye on the evolving geopolitical rifts, as illustrated by the sharp rise in gold late last week (Bloomberg - Gold Rises on Tensions).

The first week of 2009 is again holiday shortened, but this time much lighter on the reporting calendars, as follows:

• Yahoo! - U.S. Economic Calendar
• Yahoo! - U.S. Earnings Calendar

Have a warm holiday season!