Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Friday, June 09, 2006

Wall Street Theme Park

I'm usually already relaxing for the weekend by the time the market closes on Fridays. But this Friday, I feel as though I've spent the entire week at Disney World doing nothing but jumping from rollercoaster to rollercoaster! The market has seemingly gone tospy-turvy this week, and I'm feeling the fatigue of trying to keep up. Thankfully, there is knowledge that relieves our worry and fatigue like a tall Donald Duck-shaped cup of lemonade between rides. Knowledge like the upcoming inevitable fourth-quater rally that usually follows midterm elections. Knowledge that most analysts expect stocks to stabilize in the next few weeks, not plummet. And of course, there are the numbers. Numbers like 1.5 - the percentage that the Dow Jones World Stock Index was up this week. And the number 4.99, the slowly increasing but still very low short-term interest rate. Ahhh, the relief of knowledge. So its home I go on this long-awaited Friday afternoon. Home to watch the World Cup. Home to make some sweet, ice-cold lemonade. DJIA: -46.90 Nasdaq: -10.26 S&P 500: -5.63