Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, October 02, 2006

Slow Start

It was a slow start on Wall Street. Manufacturing numbers are down, causing all indexes to slip. Despite this report, new construction is holding well. Harrah's hit the jackpot today, announcing they will go private. A private equity firm made them an offer they couldn't refuse. With the high cost of Sarbanes-Oxley and the specter of jail time for wayward CEOs, this seems to be a good move. Techs took it on the chin today, dropping almost 1%. It's either feast or famine with this index. Dow -8.72 NASDAQ -20.83 S&P 500 -4.52