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A Wild End to a Wild Week: Dave's Daily

EFA: Germans saved the day today and kept most markets from collapsing.  This may be just temporary as there are miles to go before things are settled "over there".

 

EEM: Stick save at support Friday as commodity markets reversed course.

 

EWA: The Australian government proposed a 40% tax on miners which blew a hole in their markets. Now they're reconsidering. They did engage in a strong intervention to support the Aussie dollar. Don't you love these activist governments?

 

EWC: Loaded up with natural resources which are under pressure. A good rally Friday helped but a 6% down week isn't anything to cheer about.

 

EWZ: You can rest assured there a plenty of options specialists in the pits who cleaned up exercising $60 strike prices.

 

RSX: Russia markets held support even thought the week overall was highly negative.

 

 

FXI: A great week only being down slightly less than 2%.

Continue to Concluding Remarks

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