Buyer exhaustion sets in

Market observations for the week of Nov. 8 to Nov. 12, 2010

Claymore Investments, Inc. 16 November, 2010 | 11:56PM

The major market indices finished the week solidly lower as investors monetized recent gains due to growing uncertainty in the marketplace.

The major market indices finished the week lower, reflecting renewed concerns over the financial health of the eurozone and fears that the U.S. Federal Reserve's quantitative easing (QE) program will have little effect on jumpstarting economic growth.

Despite the weakness, markets have generally shown impressive resiliency in the face of the growing wave of negativity. The weakness seemed to be more related to buyer exhaustion following the solid run over the past two months, as opposed to the start of a major trend reversal.

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Claymore Investments, Inc.

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