Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Friday, October 06, 2006

Record End

All indexes backed up today. The board of GM is, obviously, a mess. One member has resigned. Kerkorkian has vowed "no more shares." It seems that, while GM needs a partner to keep them out of bankruptcy, they don't want to share. Talks with Nissan are not going well, and this sent GM's stock down 7%. Google is in talks with YouTube. You can bet they'll pay a pretty penny for that one. I just hope they can figure out how to make money off this popular video posting site. I'm not so sure this is such a good deal. NASDAQ gave up the most today, percentage-wise. Dow -16.48 NASDAQ -6.35 S&P 500 -3.64