Market Summary

We are headed higher. All markets moved to the upside last week with FXI up the most at 8.55% which is alot by any standards. However, to balance the equation, we must remember that October is famous for black days: Black Thursday (Oct. 24, 1929), and Black Monday (Oct. 19, 1987). More recently, October 2008 yielded a nearly 17% drop in the S&P 500. Click on image to enlarge.

All of the markets covered were up for the week. Click table to enlarge.

The performance of the sectors for the past week shows Basic Materials and Financial taking the lead. Click on image to enlarge.