Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, December 14, 2006

What Slowdown?

Markets leaped forward after a few tepid days. Lehman reported great earnings. Oil prices dipped, and consensus from the Fed was... no recession for 2007. It was like Christmas for Wall Street with these three gifts under the tree. Stocks added close to 1%, as the investment elves danced around in glee. But don't expect '07 to be a repeat of '06. It may not be a slowdown, but it's slow going from here on out. Dow +99.26 NASDAQ +21.44 S&P 500 +12.28