The Week in Review: 8.23.10 – 8.27.10

Despite an attempted Friday rally, the markets had another down week, but the Dow did managed to finish the week above the (psychologically) important 10,000. The Dow ended down .62%, the S&P was down .68%, and technology suffered the most, with the Nasdaq down 1.19%.

Weak housing and jobs numbers made investors skittish over the strength and timing of the recovery. Companies’ results are still looking strong, though, so we consider the markets now considerably undervalued.

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