are, the higher stocks will go, pulling in more skeptics.
Oil dropped to almost $59 a barrell today. The sharp drop in oil that we've seen has encouraged consumers to spend more in retail, and has relieved consumers at gas stations. I'm relieved, too - that we finally get a beautiful weekend! Be safe and enjoy!
DJIA: +12.81
Nasdaq: +11.11
S&P 500: +2.79
Independent, Fee-Only Financial Advisor
Friday, October 13, 2006
Running of the Bears
The Dow had a record-setting day, ending at 11960.51! Its old news - yet no less exciting. And still unexpected. Just ask any "bears" on Wall Street. Like Mr. Panzner, vice president in sales trading at Collins Stewart and a self-professed bear, admits the rally has confounded his expectations for a sharp downturn. Some even thank the pessimists - claiming that the more skeptics there 
are, the higher stocks will go, pulling in more skeptics.
Oil dropped to almost $59 a barrell today. The sharp drop in oil that we've seen has encouraged consumers to spend more in retail, and has relieved consumers at gas stations. I'm relieved, too - that we finally get a beautiful weekend! Be safe and enjoy!
DJIA: +12.81
Nasdaq: +11.11
S&P 500: +2.79
are, the higher stocks will go, pulling in more skeptics.
Oil dropped to almost $59 a barrell today. The sharp drop in oil that we've seen has encouraged consumers to spend more in retail, and has relieved consumers at gas stations. I'm relieved, too - that we finally get a beautiful weekend! Be safe and enjoy!
DJIA: +12.81
Nasdaq: +11.11
S&P 500: +2.79
