Markets make little progress despite upbeat economic data

Market observations for the week of Nov. 15 to Nov. 19, 2010

Claymore Investments, Inc. 24 November, 2010 | 2:42AM

The major market indices finished the week little changed as concerns over the financial health of Europe and the potential for tighter monetary policy in China battled against signs the U.S. economy is on the mend. Investors also appeared to be generally cautious as they await the resolution on the extension of the Bush tax cuts.

Sovereign debt concerns: Déjà vu all over again

Concerns over the fate of Ireland, and in turn the eurozone, gripped the markets once again last week. After insisting for the past couple of weeks that no aide was needed, Irish officials succumbed to the growing pressure, and stated they would accept financial assistance from the European Union (EU) and International Monetary Fund (IMF).

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Claymore Investments, Inc.

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