Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Friday, January 05, 2007

Friday

Markets retreated today, even though the news was good. The jobs report was good, and the concern swapped over to inflation. It's always a balancing act. Too much good news, and the Fed may raise rates. Not enough, and profits get hurt. This seesaw act may actually prove a good thing for 2007-- as long as we don't tip in one direction or the other. Motorola's news wasn't good, despite the success of the Razr. Dow -82.68 NASDAQ -19.18 S&P 500 -8.63