Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, April 27, 2006

A Hurricane in Our Future?

The market was up again today, even after Microsoft shares fell late in the day. But the economy is going much like a hurricane; a surge now and gaining momentum as it goes in the next quarter. Investors are worried what this might mean about the future...every hurricane ends somewhere. A slow-down is predicted for our future, but only one slow enough to "keep inflation at bay but fast enough to keep unemployment from rising," according to Bernanke. The Federal Reserve Chairman did have positive comments in his meeting today. Bernanke hinted that policymakers may take a break from rates increases. And a sigh of relief was felt everwhere... DJIA: +28.02 Nasdaq: +11.32 S&P 500: +4.31