Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Friday, August 12, 2005

Friday!!!

A week of rising oil prices sent markets in retreat. Oil topped $67 a barrel. Companies dependent on oil, such as FedEx and Southwest Airlines, are locking in their costs by purchasing futures contracts. Will the price continue to climb or will it settle down to more reasonable levels? The futures markets say the climb will continue. Real estate is showing signs of slowing down, as inventory levels rise. Despite this, houses are getting bigger. Read about the McMansions in the Wall Street Journal. A shower for 4?? What next? Dow -85.58 NASDAQ -17.65 S&P 500 -7.42 I'm ready for the weekend!