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The Weekly Report For March 4th – March 8th
By Marubozu  •  March 11, 2013
Commentary

This week the Dow Jones Industrial Average reached a record high of over 14,350, surpassing its previous highs made back in October 2007 before the financial crisis. While stubborn unemployment and spending cuts remain a threat to growth, investors seem to have already discounted these risks as old news, with better-than-expected service sector and improving employment data cited as catalysts behind the recent move higher.

Countries outside of the United States also appear to be doing pretty well lately. With Japan’s lower yen valuation, China’s export growth and Italian elections over in the eurozone, the MSCI World Index reached levels that it hasn’t seen since June 2008. Many risks remain in these countries, but it seems that investors’ risk appetite has returned and they have largely set their sights on the future, having already discounted these risks in equity valuations

S&P 500 SPDR ETF (ARCA:SPY)[like-gate]
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By Marubozu
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