Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Friday, August 26, 2005

Friday and Another Storm Brewing

It's the end of the week, and the markets decided to end on a down note. As Katrina churns in the Gulf, stocks and oil prices wait to see the outcome. Today, Mr. Greenspan put a damper on stocks with all his talk of overheating and too much risk-taking. When Mr. Greenspan talks, Wall Street listens. August is almost over, and I say "good riddance." The NASDAQ was the hardest hit, dropping more than 1/2% today. I'm ready to get back on the winning track. Dow -53.34 NASDAQ -13.60 S&P 500 -7.27