Nancy Lottridge Anderson, Ph.D., CFA, and her staff offer expert advice and personal service. We offer our services on an hourly or retainer basis for our clients. Our services include account management, stock and economic research, retirement planning, and 401k slate analysis. We manage investment accounts of any size and tailor the portfolio to meet your specific needs. For clients of ours, we are available to help with any financial situation you face.
Independent, Fee-Only Financial Advisor
Tuesday, January 31, 2006
What Goes Up.....Keeps Going Up?
The Fed raised rates again today. In Greenspan's final speech, he brought the market to a temporary standstill as he raised interest rates to 4.5%. Stocks froze, then went up, then came back down again just before closing for the day. There is a light at the end of the tunnel, though, as expectations are that rates might be raised once more in March, and then stop. And I say thank goodness for that!
DJIA: -35.06
Nasdaq: -0.96
S&P 500: -5.12