The rally continues but may be in need of a pause to refresh

Market observations for the week of Oct. 11 to Oct. 15, 2010

Claymore Investments, Inc. 19 October, 2010 | 9:55PM

The major market indices finished the week modestly higher as expectations of further easing by the Federal Reserve (the "Fed") in the United States and a solid start to third quarter earnings season kept a bid under stock prices.

The Dow Jones Industrial Average added 0.51%, the Wilshire 5000 Total Market Index rose 0.99%, the S&P 500 Index gained 0.95% and the NASDAQ Composite Index tacked on 2.78%. Sector breadth was positive as eight of the 10 S&P sector groups finished higher in the U.S. The technology sector (3.91%) was the best performing while the financials sector (-2.38%) was the laggard. The Canadian market, as measured by the S&P/TSX Composite Index, gained 1.31%.

Quantitative easing all but a done deal

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Claymore Investments, Inc.

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