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The Week
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The Week of May 5th to May 11th, 2012
‘A Brief look Back Into Tomorrow’
Good Afternoon
Following a week that saw the major North American markets give back their previous week‟s gains and more as the slow growth of the American economy and continued uncertainty in Europe once again sent investors fleeing to the sidelines, as the American dollar strengthened and commodities weakened, the weekend media reported that -
As the „will this never end‟ brokers and traders threw up their hands in surrender at the close of business last Friday, May 4th, they could see that the markets were once again back in the soup as for the 18th week of the year, the Dow Jones Industrial Average lost 1.44%, with the S&P500 Index falling by 2.44% and the NASDAQ Exchange off on the week by 3.68%. North of the border, the TSX Composite Index was down on the week by 2.99% while the TSX Venture Exchange limited its loss on the week to 0.57%.
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