Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, December 21, 2006

Where's Santa?

I heard on the radio today that Santa is coming...but it looks like we still have to be patient. It seems that way on Wall Street, too. Stocks were down for the second day in a row today, but many investors don't seem to be worried. A last-week-of-the-year boost in trading is expected by most, despite today's reports of a somewhat slowing economy. Gazprom and Shell reached a major deal today concerning the control of a massive oil project in Russia. In the U.S., Raeython announced the selling of their aircraft manufacturing unit. And, oh yeah, Santa announced he's on his way. DJIA: -42.62 Nasdaq: -11.76 S&P 500: -5.23