The Japanese yen was rising showing that traders are dropping their carry trades, but this week it recovered a little and is now above 111. Delayed market shocks from the subprime debacle are still dropping on investors but the market is up for December as it usually does. For the week the Dow gained 1.9%. The main reason was the proposed terms by President Bush to bailout the subprime borrowers. The news sent every financial and housing stock into positive territory.

Considering all the problems the markets are holding well far better than expected. This week the FED will be the main theme. Will they cut the federal funds by 25 or by 50 basis points? Clearly the Beige Book for this week's FOMC meeting stated that the usually known problems could cause slower economic growth, but all bets are open.

The rankings of World RopInvestor have not changed at the top. Mr. Doleschall continues in the lead with gains of 796% followed by Tamás Czajner and Hanqui Guo.