Labor Day symbolizes the end of summer and the time when investors and traders get serious for the homestretch of the year.  Hopefully, this past week was not indicative of their market mindset and many are just easing back to work.  Weaker than expected retail and labor releases overshadowed the reduced inflation concerns (lower oil) as investors returned from the holiday and sold stocks.  While Gustav turned out to be somewhat of a non-event (unless you were one of the unfortunate who lost power and sustained flood damage), investors overlooked the continued retreat in commodity prices and traded equities lower based on the sluggish economy. (Then again, maybe they were simply too caught up in Palin-mania to even focus on the markets.) 

Attached/linked please find And That’s The Week That Was, the Brounes & Associates market/economic commentary for the week ended September 5, 2008.

Coming up in the week ahead:  Balance of Trade (Thursday), Retail Sales (Friday), PPI (Friday)

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