Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, March 02, 2006

Rain, Rain, Go Away

The hot and cold weather has directly effected the market once again. Many retailers reported low sales for February. Investors want to blame the weather. The Northeast saw a terrible snow blizzard last month, slowing sales down dramatically. I guess the old saying is true, "When it rains, it pours!" I'm just thankful we've had such beautiful weather these past few days. It sure does make ME want to shop! And the housing market is finally slowing down. Houses just aren't selling at such a fast rate anymore. And with interest rates promising to climb, the housing bubble may be about to officially pop! Check out what news reporters are saying. DJIA: -28.02 Nasdaq: -3.53 S&P 500: -2.10