Investors are using much caution in these last days before the release of some very crucial reports that could determine whether or not we are, in fact, in a period of inflation. The name of the game on Wall Street today was "risk-aversion." The hope is that data from these soon-to-be-released reports (the wholesale price inflation data and the May consumer inflation results) will be much tamer than expected, and a large rates increase won't be necessary. We're keeping our fingers AND toes crossed.
And despite the nervous activity in the market, the Lehman Brothers reported their second-best quarter yet, and GM was up 1.7% amid talks between their supplier and the United Auto Workers.
DJIA: -99.34
Nasdaq: -43.74
S&P 500: -15.90
Independent, Fee-Only Financial Advisor
Monday, June 12, 2006
Warning: Use Caution
Investors are using much caution in these last days before the release of some very crucial reports that could determine whether or not we are, in fact, in a period of inflation. The name of the game on Wall Street today was "risk-aversion." The hope is that data from these soon-to-be-released reports (the wholesale price inflation data and the May consumer inflation results) will be much tamer than expected, and a large rates increase won't be necessary. We're keeping our fingers AND toes crossed.
And despite the nervous activity in the market, the Lehman Brothers reported their second-best quarter yet, and GM was up 1.7% amid talks between their supplier and the United Auto Workers.
DJIA: -99.34
Nasdaq: -43.74
S&P 500: -15.90
