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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
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