Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, October 17, 2006

A Road Less Traveled

The market ended down today - for the first time in several days. The Dow shrunk 30 points away from 12,000, instead of inching closer. The cause? That too familiar word: "Inflation." A report showed strong wholesale prices, causing the inflation jitters among investors. But high earnings boosted the market up from its original fall of 100 points. IBM posted revenue for the first time in quite a few quarters, and Intel stock was up, despite a dip in revenue. DJIA: -30.58 Nasdaq: -18.89 S&P 500: -5.00