Hurricane Effects Continue

Believe it or not, we are still in hurricane season, and the effects are widespread. Wholesale prices surged 1.9% last month, reflecting the rise in energy prices. As gas prices continue to make a hole in my wallet, Mr. Greenspan tries to explain the extent of this ripple effect. Watch for further news on Wilma, as she was officially declared a hurricane today. On the other hand, many banks are seeing an increase in profits due to more loans and deposits. Merrill Lynch rose 4.9%, along with gains for four other major U.S. banks. It looks like there may still be life after hurricanes after all. S&P 500: -11.96 NASDAQ: -14.30 Dow: -62.84