Tax loss selling or the tough economy gave us another down week. Junk bond funds & REIT's declined, tax loss selling may have contributed. The Alerian MLP index is hanging in there flat at 295. I don't watch the S&P 500 Dividend Aristocrats specifically, each one has a different story. However Coca Cola (KO) & Pepsi (PEP) are included, they reached new 52 week highs. Other housing related ones like Masco (MAS) & Stanley Works (SWK) were down. This should be another tough week given the underlying news stories about credit crunch, declining housing & retail sales not to mention high oil prices. Have a Diet Coke to relax!
Out of the gate on Mon AM - Australia, New Zealand & Tokyo stock markets are down - Asian markets are set for a weak start after Fri in NY.
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