The market bumped down from an almost-green day today in the final hours of trading - AGAIN. It seems that last hour is a sure-fire downer. The cause of the dip? A balancing act. Investors weighed on one side the hopes of an end to rates increases by the Fed, while fears of an economic slow-down were on the opposite end. The basis of these factors: a June report showing solid demand for durable goods vs. a slowing housing market.
Nonetheless, we keep driving around looking at houses for sale in our spare time - my new favorite form of "free" entertainment!
DJIA: -2.08
Nasdaq: -15.99
S&P 500: -5.20
Independent, Fee-Only Financial Advisor
Thursday, July 27, 2006
Thursday See-Saw
The market bumped down from an almost-green day today in the final hours of trading - AGAIN. It seems that last hour is a sure-fire downer. The cause of the dip? A balancing act. Investors weighed on one side the hopes of an end to rates increases by the Fed, while fears of an economic slow-down were on the opposite end. The basis of these factors: a June report showing solid demand for durable goods vs. a slowing housing market.
Nonetheless, we keep driving around looking at houses for sale in our spare time - my new favorite form of "free" entertainment!
DJIA: -2.08
Nasdaq: -15.99
S&P 500: -5.20
