Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, July 26, 2006

Close, But No Cigar

We came so close to having three "green" days in a row. The market was up this afternoon (the Dow was up almost 50 points) until the last couple of hours. Its the transportation stocks that investors are worried about, particularly after today, when both Boeing and GM reported low earnings reports. GM reported a net loss of $3.18 billion (despite a 12% revenue increase) and the market dipped. I've been thinking about personally helping GM buy purchasing a new car, but I've had so much fun shopping, I might never make a decision!

DJIA: -1.20 Nasdaq: -3.44 S&P 500: -0.48