Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, May 22, 2006

A Yo-Yo Day

First they were up. Then they were down. Then they were up again. Then they finished down. It was a yo-yo day on Wall Street, as investors tried to gauge the winds of inflation. Hurricane forecasters predicted another big year, but tempered that with "not as bad as last year." Thank goodness! Oil fell into the $67 range, but that didn't help. The Nervous Nellies are concerned about inflation heating up and other areas cooling down. Wal Mart decided to pull out of red hot South Korea. They can't compete. Go figure! NASDAQ was the biggest loser, dropping nearly 1% on the day. I'm just waiting for the bounce. Dow -18.73 NASDAQ -21.02 S&P 500 -4.96