Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, August 09, 2006

Cool Houses?

Toll Brothers, the big residential developer, isn't looking too cool these days. There are way too many houses on the market and too few buyers. It's a cold combination. The housing market and the oil market seem to be the biggest drags on the economy right now. Techs started the day with a bang, but ended up flat. The Dow dropped almost 1%. While McDonald's and Starbucks look tepid, Disney is red hot. Who needs flame-broiled when you can have a nice, cool theater? Dow -97.41 NASDAQ -0.57 S&P 500 -5.53