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Market Briefing For Nov 23, 2009
By: John Mugarian   Monday, November 23, 2009 12:37 PM

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"You know what the news is-- in a minute, you're going to hear the rest of the story"- Paul Harvey

As promised on Friday, the Dynamic Growth weekly Newsletter has been posted on the "Newsletter" portion of the website.

We have made the following changes this week;

Top 10 ETF's:

-2 new buys, no sells.

Top 10 Fidelity Sector Funds:

-4 new buys, including a market hedge.
-2 new sells.

Top Stock Portfolio: NEW

8 New Stocks- powerful market movers.

Under Loved, and Under Appreciated Stock List

10 new stocks that we that feel have sold-off significantly, and have huge upside potential for patient investors.

Market Comments:

After the huge rally in the market since Labor Day, I feel the market is overextended, and due for a pullback.

This being Thanksgiving week, a lot of big players are taking off early, so while we will see rally attempts like today, I have doubts that they get very far.

Late December is usually a good time for the markets, but I would expect some profit taking as well as tax loss selling to begin creeping in soon.

If you've been following the news, Treasury Secretary, Tim Geithner, is catching a lot of heat from Congress, and the House Financial Services Committee approved adding Ron Paul's "audit the fed" bill to the financial-system reform package. Paul's provision will allow federal reviews of the central bank's operations, including its interest-rate decisions.

Stay tuned. This could get real interesting if congress can have some oversight to the feds activities.

To access the newsletter, Click on the "Newsletter" heading at the top of the homepage and set up a "username" and "password" to enter.



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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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