Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, February 23, 2006

A Tap Dance

The market ended slightly down today after a long, busy week. As oil prices and bond yields jumped eratically all week, traders are growing weary and for today, the market was, too. Interest rates look like their on the continued rise. This could mean bad news for the housing market...or not. Although The Philadelphia Housing Sector Index reported a decline, Toll Brothers had a strong earnings report. And even better news, the luxury-home builder gained 3.4%. You can even build your own luxury home via the internet! DJIA: -67.95 Nasdaq: -3.85 S&P 500: -4.88