Holding Steady

It was a flat day on Wall Street, notable because of the sizable increases so far this year. GM is fighting to keep its head above water, planning to cut prices on all models. Some are calling for the big carmaker to cut its hefty dividend. Bad news for stockholders, but good news for bondholders. On the other side of the coin, Apple keeps coming up with good ideas. The electronics show is in full force, and Apple has announced its intention to sell devices with Intel chips, leaving IBM in the cold. I think the folks at GM need to call the folks at Apple for a few good ideas! On the strange news front, a mummified body was found in front of a television set. I think I'll go home tonight and read a good book! Dow -0.72 NASDAQ +1.63 S&P 500 -0.49