Divine capital market

Outside stocks, commodity prices also rose. The Dow Jones-UBS Commodity Index was up 0.9% despite slight pullbacks in oil and gold.
The dollar fell against both the euro and the yen, while Treasurys were little changed. The 10-year note was up 3/32 to yield 3.198%.
Investors' confidence that banks will benefit from continued efforts by governments around the world to prop up the global economy was bolstered Monday afternoon by reports that the troubled state-owned conglomerate Dubai World was taking steps to restructure tens of billions of dollars in debt.
But participants are also worried about weakness in the non-financial sectors of the global economy. Now that Black Friday, which marks the unofficial start of the U.S. holiday-shopping season, has passed, some money managers are particularly worried that earlier buying in the consumer sector might have been overdone.
"We're still bullish over the long run, but it is a little disconcerting to see the way breadth in the rally has fallen away lately," said strategist Steve Charest, of Divine Capital Markets.
Narrowly based gains traditionally signal that a market is nearing a top, due either for a correction or a full-blown bear market.
Several new economic reports showed improvements. The Federal Reserve Bank of Dallas reported that its index of general business activity moved to 0.3 from -3.3 the month before. The Midwest Manufacturing Index compiled by the Federal Reserve Bank of Chicago rose 0.5% to a seasonally adjusted level of 82.9, its fourth consecutive advance. Other major stock indexes managed slight gains Monday. The Nasdaq Composite Index was up 0.3%. The Russell 2000 was up 0.4%.
On the month, the S&P /quotes/comstock/21z!i1:in\x (SPX 1,096, +4.14, +0.38%) gained 5.7%, while the Dow was up 6.5%. Both posted their biggest November gains since 2001. The Nasdaq /quotes/comstock/10y!i:comp (COMP 2,145, +6.16, +0.29%) was 4.9% higher on the month.