Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, May 02, 2005

Monday May Not Be So Bad

The markets are continuing their upswing as oil prices continue to slide. MCI is still up for grabs. Just when it looked like Qwest had won the war, Verizon jumped back in the game. After a stock market scandal, bankruptcy, and a tenuous outlook for telecommunications, MCI must still have value. Another company on the block is the high-end retailer, Nieman Marcus. Last week, McRae's, this week NM. AIG keeps the bad news coming, and investors continue to run for the exits on this one. As for the broader market, let's hope this good Monday morning doesn't give way to the Monday morning blues. The market may be awake, but, right now, I just need another cup of coffee!