Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, August 01, 2006

Waiting for the Fed

It's a guessing game as all sides weigh in on the next Fed move. Some say it's a definite, while others claim they'll leave the rate at 5.25%. The market is holding its breath for the outcome. Meanwhile, oil prices are slipping a bit, but not enough to help us at the pump. Even my daughter is complaining about the price of gasoline. Of course, that's because she's paying her own bills these days! If you're looking for ways to cut those pump costs, try this site... http://biz.yahoo.com/special/pf080106.html . The Dow and the S&P 500 gave up about 1/2%, but the NASDAQ took it on the chin today. Dow -59.95 NASDAQ -29.48 S&P 500 -5.74