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The market held up really well after two big winning days. Although caution should not be totally abandoned, it seems that a year end rally is very likely. This morning’s non-farm report came almost perfect as it indicated a not-too-cold but also not-too-hot job market condition. But more job losses should be expected after the Christmas holiday. As for next week, the biggest news is of course the interest rate decision on Tuesday. Other than that, we are also going to get PPI and CPI reports. Lehman Brothers will also set to report its earnings on Thursday. |
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