Weekly Forex Report

September 20, 2009

On a historical basis, September is the worst month of the year for U.S. equities, but judging by the bullish tenor of the current market, THIS September apparently did not get the memo as U.S. equities rallied to 11-month highs last week. Encouraged by comments from Federal Reserve Chairman Ben Bernanke, Warren Buffet and Laszlo Birinyi, investors continued to gobble up stocks making the week that marked the anniversary of the Lehman Brothers bankruptcy appear to be nothing more than a historical footnote. 

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