Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, August 16, 2006

TWO days in a ROW!

Wow! Another big day on Wall Street. After the bell, Hewlett Packard announced good news, so it's possible we could make this 3 straight up days. Again, technology led the charge, with the NASDAQ gaining about 1 3/4%. One of the Fed members indicated, despite the high fuel prices and the crunch in real estate, there is no sign of a recession. I repeat... no sign of recession. Oil prices are hovering around $3 per gallon, but that doesn't seem to be slowing us down, not personally or professionally. Have we come out of the summer doldrums now that school is back in session? Hold your collective breaths for more good days! Dow +96.86 NASDAQ +34.83 S&P 500 +9.85