Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, May 03, 2006

An Oil Dip

Oil dropped... a LITTLE. We're still in the 70s range, and the buzz is all about summertime gas prices. GM execs claim we are still not changing our behavior, but GM is changing its behavior. The company is scaling back. Judging by the number of cars and SUVs on the road, I don't see a behavioral change. We're still blowing and going. Markets dipped... a LITTLE. Time Warner and Proctor & Gamble posted good earnings, but Wall Street yawned. Dow -16.17 NASDAQ -5.87 S&P 500 -5.36