The Week in Review – 12/24/2007
All stock market averages fared better last week, however, the number of new lows was 5-times the number of new highs --- which primarily reflects year-end tax selling. The stock market will clock-in with its fifth straight year of finishing higher than the year before. It is only natural therefore to expect profit-taking as this year’s trading activity draws to a close. The Dow gained 111 points to end the week at 13450 from 13339 the week before. In this next-to-last week of trading for the year, the Dow is almost 1000 points ahead of where it began the year,…
