Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, December 05, 2006

Addicted to Coke

A report showing a higher-than-expected report for the services sector of the economy (almost 70%) gave investors a much needed boost. Trading was up and confidence grew. Leading the pack was Coca-Cola (my personal addiction), gaining 2.5%. Pfizer is still taking a beating after pulling its "good cholesterol" drug, but its competitor, Merck, jumped 1.5%. The Dow ended just shy of a new closing record, and that makes me feel warm on this very cold day. Others leading the pack are...Bono?!? Time Magazine has announced their "Persons of the Year." Among the top are U2's Bono and the Gates (Bill and Melinda - not Robert). DJIA: +47.75 Nasdaq: +3.99 S&P 500: +5.64