Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, May 01, 2006

May Day Fizzle

Markets started well on this first of May but lost their steam, as rumors of higher interest rates swirled. The Fed and its new Chairman appear poised for another rate hike this month. While gas prices eased somewhat, the possible rate hike took its toll. NASDAQ took the biggest dip. We Americans love our cars, but we may not actually like to drive. Try adaptive cruise control. It's available on some luxury cars and allows owners to coast while the autopilot does all the work. And if you want to personalize your car, call Turtle Transit. They'll turn your ordinary sedan into something unique. So, who's actually worried about the high price of gasoline? Dow -25.29 NASDAQ -18.37 S&P 500 -5.30