Independent, Fee-Only Financial Advisor
Wednesday, April 27, 2005
The market has been like a yo-yo lately, bouncing up and down, mainly with the price of oil. Today, prices per barrel fell about $1, helping to stem concerns about the impact on oil-driven stocks. As we head into summer, expect more pressure on oil prices as demand heats up. We'll all be hitting the road, and this will squeeze prices, despite the best efforts of the Saudis. If you're looking for the best place to fuel up, go to http://www.fuelmeup.com. Durable goods orders dropped, causing some ripples as we look for big business (and consumers) to commit to big purchases. Everyone seems a little hesitant right now, and I believe that goes back to oil prices and overseas concerns. Remember, the market doesn't like uncertainty. Check out The Wall Street Journal every day for the latest. Sony announced earnings, and they didn't look good. This Japanese company took the unusual step of hiring a Western CEO recently. They hope new ideas on marketing will help pull them out of the doldrums. If East meets West in a good way, this stock should see better times ahead. They still have a good product.