eated in what some specialists call a "delayed reation" to the Fed's announcement of raising rates.
Fortunately, those same experts claim we're in the middle of a good, old-fashioned economic boom as we continue to rebound from Hurricane Katrina. The Dow has been within sight of its record for weeks now, and corporate profits have had an 11-quarter streak of double-digit gains. This kind of economic boom hasn't been seen since after WWII, and I'd like to be the first to offer a hearty, "Welcome Back!"
DJIA: -141.92
Nasdaq: -48.04
S&P 500: -16.93
Independent, Fee-Only Financial Advisor
Thursday, May 11, 2006
Delayed Reaction from Wall Street
Hopes were high yesterday when the market was actually UP after the Fed announced rates were going up, an unusual outcome. And it was the bright spot in my very cloudy (and rainy) day. Apparently, investors were waiting for a beautiful day to hit hard. Traders scattered today and stocks retr
eated in what some specialists call a "delayed reation" to the Fed's announcement of raising rates.
Fortunately, those same experts claim we're in the middle of a good, old-fashioned economic boom as we continue to rebound from Hurricane Katrina. The Dow has been within sight of its record for weeks now, and corporate profits have had an 11-quarter streak of double-digit gains. This kind of economic boom hasn't been seen since after WWII, and I'd like to be the first to offer a hearty, "Welcome Back!"
DJIA: -141.92
Nasdaq: -48.04
S&P 500: -16.93
eated in what some specialists call a "delayed reation" to the Fed's announcement of raising rates.
Fortunately, those same experts claim we're in the middle of a good, old-fashioned economic boom as we continue to rebound from Hurricane Katrina. The Dow has been within sight of its record for weeks now, and corporate profits have had an 11-quarter streak of double-digit gains. This kind of economic boom hasn't been seen since after WWII, and I'd like to be the first to offer a hearty, "Welcome Back!"
DJIA: -141.92
Nasdaq: -48.04
S&P 500: -16.93
