Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, November 15, 2006

Wednesday

The day started in Mississippi with strong storms blowing through. By now, though, the sun has come out in full force, and it's beginning to feel like summer again. The markets started off with a bang, adding to the week's gains. Minutes from the Fed were released, and they revealed a reluctance to lower interest rates. Yes, I said LOWER. For months, the talk has been that rates would be lowered to spur further economic development. The problem is, though, that the Fed has more concerns about inflation. Inflation would cause them to raise rates. The combination means there will be no Fed action... for now. Stocks still managed nice gains. Dow +33.70 NASDAQ +12.09 S&P 500 +3.35