Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, May 23, 2006

"Tag! You're IT!"

The market this week reminds me of playing tag as a kid. Go as fast as you can. Turn, duck, squeal, stop, run again. After a dizzy day yesterday, stocks were up all day today. Analysts were trying to get traders to relax, and it seemed to be working...until about 3pm. Inflation is the major concern, and the gist of why the market has been in the red. But the housing market is cooling and energy prices seem to be ever-so-slowly falling. Relief! And speaking of childhood, some analysts are comparing the global market to an old fable, Goldilocks. Guess what the three bears represent?! DJIA: -26.98 Nasdaq: -14.10 S&P 500: -5.49