Nancy Lottridge Anderson, Ph.D., CFA, and her staff offer expert advice and personal service. We offer our services on an hourly or retainer basis for our clients. Our services include account management, stock and economic research, retirement planning, and 401k slate analysis. We manage investment accounts of any size and tailor the portfolio to meet your specific needs. For clients of ours, we are available to help with any financial situation you face.
Independent, Fee-Only Financial Advisor
Wednesday, May 10, 2006
A Gloomy Day
The weather here has been very gloomy. I've had to make two pots of coffee to keep me from getting as drowsy as the weather!
The Fed announced another rate increase today; its now up to 5%. After this announcement, trading spiralled downward, but then crawled back up at the end of the day. The Dow ended slightly up (.02%), but the Nasdaq finished the day down. Investors remain optimistic about the future, despite the Feds warnings that future "policy firming" may yet be in store.
DJIA: +2.88
Nasdaq: -17.51
S&P 500: -2.29