Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, January 17, 2006

It Ain't Over Till It's Over

It's the second day of the week but the first day of trading. Dr. King and I both celebrated our birthdays yesterday. Don't even ask! My sister-in-law and I have an agreement to always tell each other how young and thin we look. Never mind what anyone else thinks. The fight is back on. Boston Scientific has upped the ante in its bid for Guidant. Johnson & Johnson looked like they had the deal sealed, but, in the corporate world, it ain't over till it's over! Look for another offer from JNJ. It was a down day on Wall Street, with all indexes dropping in the 1/2% range. After market close, the news on the high-flying tech sector was not the best. Intel saw a 25% jump in profit, but it wasn't enough for investors. Yahoo had the same problem. Boy, those Wall Street guys are demanding! I want to go back to the first week of January. Dow -63.65 NASDAQ -14.35 S&P 500 -4.68