Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, November 28, 2006

Relief from Yesterday

The Dow started the morning off a little rocky, but stocks recovered, thanks to blue-chips. Exxon closed up 2.3% as oil prices settled at $61 per barrel, and Disney climbed 1%. Apple and Cisco helped the Nasdaq climb more than six points.
The housing market saw a record drop in prices last month. Bad for sellers, good for buyers. Analysts predict the weakness in housing prices to continue through the end of this year, lightening up at the beginning of 2007. My "For Sale" sign is staying in the garage.
DJIA: +14.74 Nasdaq: +6.69 S&P 500: +4.82