The Comeback Kid

What a difference a week makes:

As you know, a week ago things were looking quite grim, but as we've seen several times this year, this market has a knack for playing the comeback kid.

For the week, the S&P 500 rallied back +3.20%, Dow +3.20%, Nasdaq +3.29%, and the Russell 2000 +3.12%. To make the big money this week being long emerging markets (EDC), gold miners (GDX), silver (AGQ) and basic materials (UYM) were good. Relative strength was also seen in Brazil (EWZ) and India (EPI).

Read more of my weekly wrap-up.