Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, September 06, 2006

A Really Short Week

OK, so I missed yesterday. I was back at work, but I was making up for that glorious 3 day weekend. Labor day week came with news about labor costs and production. We're not producing as much and we're costing companies more. All this weighed on stocks today, as all indexes dipped. This, despite, ever lower oil prices ($67.50 per barrel). I'm thrilled to see the prices at the pump dropping. The weather is helping, too, with little concern on the tropical side. Could this be our lucky year? Maybe, I should say that VERY quietly. I could be tempting fate! Intel and its job layoffs are still holding back the NASDAQ. Dow -63.08 NASDAQ -37.86 S&P 500 -13.00