It was a dreary day in Mississippi... rain and fog. We drank pots and pots of coffee just to keep from dropping off mid-afternoon. Not so for Wall Street. There was a bit of excitement, as oil fell a big $2 per barrel. Some are predicting the price will fall back to the $50 range! It could be a big summer for travel, if that happens. NASDAQ was the big winner on the day, gaining almost 1%, while the broader index bumped up about 3/4%. It was a bad day for weather but a great day for investing. I may need to go further south than the Deep South, if Spring doesn't show up soon.
Dow +68.11
NASDAQ +20.21
S&P 500 +9.63
Independent, Fee-Only Financial Advisor
Wednesday, February 22, 2006
Uphill on Wednesday
It was a dreary day in Mississippi... rain and fog. We drank pots and pots of coffee just to keep from dropping off mid-afternoon. Not so for Wall Street. There was a bit of excitement, as oil fell a big $2 per barrel. Some are predicting the price will fall back to the $50 range! It could be a big summer for travel, if that happens. NASDAQ was the big winner on the day, gaining almost 1%, while the broader index bumped up about 3/4%. It was a bad day for weather but a great day for investing. I may need to go further south than the Deep South, if Spring doesn't show up soon.
Dow +68.11
NASDAQ +20.21
S&P 500 +9.63
