Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, December 11, 2006

Monday uptick

Markets saw a small uptick. Tomorrow is the Federal Reserve meeting, but don't expect any major announcements. It will probably be status quo, and markets seem to be reflecting that mood. The closer we get to the holidays, the lower the volumes should be. Most year-end selling has taken place, although some investors will wait till the bitter end. While realtors are optimistic about 2007 sales, home sales will still be "iffy" until inventories settle down and the direction of interest rates are determined. Dow +20.99 NASDAQ +5.50 S&P 500 +3.20