Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, November 16, 2006

A Solemn Day

It's dreary and cold in Mississippi. After the storms blew through, the cold air followed. I think tonight will be a "fire" night. The famous economist, Milton Friedman, died today. His ideas and philosophies permeate our modern thinking. He was 94 years old. HP reported earnings today, and the story was good. Their profits increased 4 fold, no small feat. Of course, they were helped by a lack of restructuring costs on this report. All indexes reported positive numbers, with large caps winning the day. Dow +54.11 NASDAQ +6.31 S&P 500 +3.19