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Quick Update

Dec 3, 2010 | Market Commentary

Friends

How about that! Stocks ended the day on a positive note with the Dow Jones Industrial Average ending the day at 11,381 up 19 points.

The S&P 500 was up 3 points to end the day at 1224. On a day when stocks could have fallen quite a bit, the market showed incredible resilience. Read into it what you will, but underperforming money managers seem to want to buy every dip in the desperate attempt to catch up with the averages before the end of the year. The jobs number was lousy, but investors shrugged off the news and kept the market calm all day long. Amazing to see.

Maybe the Grinch’s heart grew a size of two.

Again, have a nice weekend.

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