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Market Commentary For October 12, 2011

|Includes: GAS, iPath S&P Crude Oil Total Return Index ETN (OIL)
The Markets have continued the trend begun on October 4th. The SPX hadrebounded over 120 points behind ever more consistent indications thatGermany and France are committed to backstop the European banks andsovereign debt crisis'. If we close above 1200 today that is a clearindicator that a slight bit of risk coming back to the market. Traders andinvestors alike are yearning for stability and clarity, leading to the mindset that , The lack of bad news is good news right now. Oil is back in a reasonable 85 range, gasolineprices at the pump has dropped almost 60 cents in last 30 days , both ofwhich will start to build on consumer confidence, especially important goinginto the critical holiday sales season. We will be watching all theindicators over the next week, as well as keep a close ear to the news feedsfor color on Europe.