Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, December 07, 2006

Jobs Jobs Jobs

Markets were schizophrenic today, first jumping ahead, then backing up at closing. Tomorrow will bring the jobs report and will give Wall Street more information on the state of the economy. We already know that certain sectors, like auto and housing, have lost jobs. Other sectors appear to be taking up much of the slack. The pain of globalization is being felt on the front lines, as service jobs continue to overtake manufacturing. NASDAQ was the hardest hit today. Dow -30.84 NASDAQ -18.17 S&P 500 -5.61