All eyes are on Tropical Depression 5. The storm looks like it will head into the Gulf. News sent oil prices higher and large-cap stocks lower. It's been eerily quiet this hurricane season, but growing up on the Mississippi Gulf Coast has taught me that this could change on a dime. While oil prices climbed and auto makers languished, one car company took a bold move. Toyota may delay some model roll outs due to quality issues--Wow, what a concept! I think Detroit should take note. Retirees facing rising prices and dwindling assets are considering stints as truckdrivers. It gives new meaning to traveling in your retirement! NASDAQ was the only winner on the day.
Dow -20.41 NASDAQ +3.18 S&P 500 -0.97
Independent, Fee-Only Financial Advisor
Friday, August 25, 2006
Forming Clouds
All eyes are on Tropical Depression 5. The storm looks like it will head into the Gulf. News sent oil prices higher and large-cap stocks lower. It's been eerily quiet this hurricane season, but growing up on the Mississippi Gulf Coast has taught me that this could change on a dime. While oil prices climbed and auto makers languished, one car company took a bold move. Toyota may delay some model roll outs due to quality issues--Wow, what a concept! I think Detroit should take note. Retirees facing rising prices and dwindling assets are considering stints as truckdrivers. It gives new meaning to traveling in your retirement! NASDAQ was the only winner on the day.
Dow -20.41 NASDAQ +3.18 S&P 500 -0.97
