The Jury announced their verdicts for Enron's Skilling and Lay today - GUILTY. The trial, going on since Enron's collapse in 2001, has been a lengthy and hairy one. Sentencing is set for September 11. Many are voicing their opinions of the verdicts and what might happen next.
While some analysts were paying attention to the verdict, others were paying much closer attention to the internet - Yahoo and eBay, in particular. The two internet giants announced a partnership today, boosting sales. The GDP report was much higher than expected, and Regions Financial announced a $10 million merger with AmSouth. Add all these positive factors together, and you get one very green day. Thank goodness!
DJIA: +93.73
Nasdaq: +29.07
S&P 500: +14.31
Independent, Fee-Only Financial Advisor
Thursday, May 25, 2006
Upbeat Despite Enron Convictions
The Jury announced their verdicts for Enron's Skilling and Lay today - GUILTY. The trial, going on since Enron's collapse in 2001, has been a lengthy and hairy one. Sentencing is set for September 11. Many are voicing their opinions of the verdicts and what might happen next.
While some analysts were paying attention to the verdict, others were paying much closer attention to the internet - Yahoo and eBay, in particular. The two internet giants announced a partnership today, boosting sales. The GDP report was much higher than expected, and Regions Financial announced a $10 million merger with AmSouth. Add all these positive factors together, and you get one very green day. Thank goodness!
DJIA: +93.73
Nasdaq: +29.07
S&P 500: +14.31
