Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, January 12, 2006

A Little Slip

Thursday saw Wall Street back up significantly for the first time this year. Not to fear, though. GM is making noises about cutting its dividend, a move welcomed by bondholders but shunned by stockholders. This major bit of news seemed to weigh down the indexes. Sirius is still the talk of the town, first with the official arrival of Howard Stern and now with its CEO purchasing a BUNCH of shares. Hmmm... And more money news. We have a new nickel. Let's just hope inflation doesn't turn it into a penny. Dow -81.08 NASDAQ -14.67 S&P 500 -8.12