Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, September 27, 2005

Tuesday Reports

Consumer confidence slid dramatically. This is no surprise, considering the natural disasters hitting us in the last few weeks. Consumers may be pulling in the purse strings, and just when the biggest season for retail is kicking off. New home purchases also took a hit, down a large 10%. And, when Mr. Greenspan talks, people listen. This time, he's bragging that the job done by the Fed may have been so good that it's bad for the market!?! It seems he thinks investors are taking on too much risk. Despite the bad reports and naysayers, Wall Street, pretty much, held its own today. Dow +12.58 NASDAQ -5.04 S&P 500 +0.03