Weekly Market Overview - 1/11/2008

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped 193.88 points, or 1.51%. The Standard Poor's 500 Index lost 10.61 points, or 0.75%, while the Nasdaq Composite dropped 64.71 points, or 2.58%. The Industrial sector was the worst performing sector of the week followed by the Technology sector. The Health Care and Utilities were the strongest sectors again. The Basic Materials sector that has been the most overvalued sector for the four weeks in a row lost his place to the Industrial Goods sector followed by Healthcare. The Specialized Health Svcs, Health Care Plans, and Metals Fabrication were among the most overvalued industries last week. The Technology sector was the most oversold sector followed by Consumer Goods while Photographic Equip/Supls, Computer Peripherals, and Semiconductor-Memory Chips are among the most oversold industries.

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