Summary:

Last week we saw positive economic news come in from all over the world and a positive start to earnings season in the US. World Indexes staged strong gains for the weeks to continue the strongest rally in October since 1939.

Weekly Recap of World Markets Last Week:
(10/04/2010-10/08/2010)

S&P 500: +1.65%
Dow 30: +1.63%
Nasdaq: +1.31%
FTSE 100: +1.16%
CAC 40:+1.93%
DAX:+2.16%
Nikkei 225:+1.96%
Hang Sang Index:+2.62%

Final Thoughts:

The Conviction Probability Index correctly forecasted positive weekly performance for the major indexes. Domestic and international markets continued rallying last week. Based on performance investors seemed to prefer Germany and China the most for deploying capital.

Buy List:

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