Independent, Fee-Only Financial Advisor
Wednesday, April 26, 2006
Lots of Coffee, Lots of Green!
We had to make two pots of coffee in the office today. We usually do that on days like today. It gets cloudy and gloomy, and we get sleepy. But the gloom was lifted when we looked at Wall Street! More data reports were released today, and the numbers were much higher than expected. Of course, these signs of our good economy have investors hopping around, seemingly unsure of what consequences a future rate increase (now more definite than ever) could incur. Yesterday investors were worried an increase would damage our economy; today there was a much more positive feeling, sending the market to a new six-year high! DJIA* +71.24 Nasdaq* +3.33 S&P 500* +3.67