Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, January 03, 2007

Fizzz

The day started out with a bang, with the Dow gaining more than 100 points. The Fed put a wet blanket on things by releasing the minutes of their last meeting. The governors are not so sure about the prospects for the economy in 2007. With that, the rally fizzled. Despite their opinions, business news was good on all fronts. Even airlines are "in the money." This, after 6 losing years! Forget the Fed! I say it's a Happy New Year! Dow +11.37 NASDAQ +7.87 S&P 500 -1.53