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Stock Downgrades: Tough Start to the Week for Finish Line
Dow Industrials (^DJI) advanced 3.84% their best weekly showing since December of 2011. With Congress opting to kick the can and load its fiscal cliff bill full of pork Spam maker Hormel Foods (HRL) promptly surged 11.8% to an historic high. Some said PIIGS would fly before Athens ever got its economic act together but Avon Products (AVP) up 15% on the week helped put lipstick on that particular one. Greece’s main market began 2013 up 7.25% the best performance in all of Europe. This after it was also king of the continent last year with a 33.43% increase. (The country’s bonds which gained 97.4% ...
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