Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, August 24, 2006

Thursday Reports

As we head into the last half of the week, economic reports looked weak. Again, housing is slumping. Mortgage rates have actually dropped. It's a buyer's market, and buyers may be able to ask for special deals. The report on durable goods orders was also weak. We're not buying as many cars and tractors. Ford is offering special long-term financing incentives to move their cars, and the Ford family is considering taking the company private! Despite the news, markets managed to eke out slight gains, with all indexes in the green. Apple is following in Dell's footsteps, as it issues recalls on its computer batteries. Who will be next? Dow +6.56 NASDAQ +2.45 S&P 500 +3.07