Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, February 12, 2007

Monday Blues

Investors had the blues today - but I can't figure out why. Oil prices were down more than $2, and fourth quarter earnings are predicted to be up for the the 14th straight quarter. Maybe its the hawkish interest-rate comments of the Fed, or maybe its caution ahead of retail-sales numbers being released later this week. Home Depot is looking at a possible sale of their wholesale division, and Boeing is stepping up with improved aircraft, in the hopes of gaining an Air Force contract. DJIA: -28.28 Nasdaq: -9.44 S&P 500: -4.69