Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, August 03, 2005

Wednesday Sneakers

Oil actually dropped a bit today, despite news of further unrest overseas. In business, the big news was Addidas' announcement of a takeover of Reebok. They are trying to compete with Nike... just do it. First the cola wars, now the sneaker wars. Nasdaq slipped a little today, while the big guys gained. This was a flip flop (no pun intended). Dow +13.85 NASDAQ -1.34 S&P 500 +0.92