Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, July 20, 2006

What Rally?

Yesterday's trend of a slight increase did not continue today, despite our best and highest hopes. Apparently, earnings reports are what caused investors to pull back today, mainly Intel's earnings, which were so low it caused Intel to drop 7.5%. Other than Intel, techonology stocks were mostly high, with Apple Computer surging 12% and Motorola coming up to 7%. The situation in the Middle East is getting scarier, and the markets have felt it, too. Crude oil rose again today, topping out at $73.08 per barrel. DJIA: -83.32 Nasdaq: -41.29 S&P 500: -10.68