Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, July 13, 2005

What a Day!

Ebbers received a stiff sentence... 25 to life! Certainly, more than I expected. Some felt justice was done. I'm probably of the opinion that this was harsh. Yes, he deserved to pay for his role in WorldCom's fraud, but I don't think he deserved this long of a term. Local papers were buzzing. Meanwhile, Apple continues to be the teacher's pet, turning in VERY impressive numbers. The market's response to the bad news/good news? The Dow gained significantly, but other indexes were, basically, flat. Dow +43.50 NASDAQ +0.96 S&P 500 +1.08