Nancy Lottridge Anderson, Ph.D., CFA, and her staff offer expert advice and personal service. We offer our services on an hourly or retainer basis for our clients. Our services include account management, stock and economic research, retirement planning, and 401k slate analysis. We manage investment accounts of any size and tailor the portfolio to meet your specific needs. For clients of ours, we are available to help with any financial situation you face.
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Wednesday, August 30, 2006
Oil Relief
Ernesto is making its way through Florida. While that is bad news for Floridians, it's good news for the rest of us. It means the oil rigs of the Gulf of Mexico are safe... for now. Added to this, inventory for oil is up. Does that mean demand is down? Or is the supply more than normal? Hmmm. Whatever the cause, oil prices have dipped below $70 per barrel, and pundits are saying we may go back to $2 a gallon gasoline. Say it ain't so! Wall Street responded, on the large-cap side, with a yawn, while techs added more than 1/2% on the day. It's left me scratching my head. What a strange day.
Dow +12.97 NASDAQ +13.43 (up 0.62%) S&P 500 -.01