The Fred Report - Weekly May 9, 2011

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We hope for a rally early this week that gives way to a decline into the end of the month. U.S. bonds continue to look attractive and our forecast remains for a rally in TLT, LQD, and MUB into late May to June.  We move back to an equal weight on metals – short-term they are very oversold, and this is likely not the final low. 

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