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Happy New Year! A late rally took the indices off their lows on Friday to salvage a fairly flat final week of the year on Wall Street. The sea of red on the returns below on the right sum up what kind of year we've had. I don't know if the buying in the final hour had much meaning. It could have been short covering, or possible just positioning before the New Year starts, but the next two days could have a lot of meaning.

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