A Step Back

It's Friday. The market has had a great week, so I guess it was reasonable to expect some backtracking this Friday morning. The culprit? Oil, of course. The price is back up, but, did you know, if you adjust to today's dollars, the price per gallon of gasoline today is less than it was in 1918. Did you also know that about $0.44 of every gallon of gas is used to pay taxes? The state with the lowest tax? Alaska. As for that backtracking, the Dow is down about 38 points, while NASDAQ is down only about 5 points. One bit of business news... Maytag is being bought out by a private company. It appears that the Maytag repairman may finally get some company.