Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, September 13, 2006

Wednesday Highs

Markets hit the highest level that they've seen in 4 months. The biggest winner? Technology. All signs point to continued gains for this sector, as business finally begins spending to upgrade. NASDAQ added 1/2% today. Oil has dropped $6 per barrel in the last three weeks. This reprieve at the pump may show up in increased consumer spending. Ahh, just in time for Christmas. Tyco is feeling a little pain, as it faces a $50 million tax bill. Ouch! I guess I shouldn't complain about the estimate I just put in the mail. If you should run afoul of the IRS, try this link http://money.cnn.com/2006/09/13/pf/private_collection/index.htm?postversion=2006091316. Dow +45.23 NASDAQ +11.85 S&P 500 +4.96