Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, February 26, 2007

Who Asked Him!?!

I thought Alan Greenspan was a has-been, but his words still hold water. In a speech today, he expressed concern about the deficit and dared to utter the "r" word-- recession! Wall Street is still listening and pulled back. I'm thinking he should just keep quiet! The Gap tried to expand its brand with Forth and Towne, a retail division appealing to older women. As an "older woman," I'm afraid they missed. I've never even heard of the store. They are giving up on the older set and going back to the tried and true teen group. It seems The Gap has lost its appeal and is struggling to keep pace in a changing world. Speaking of changing, school days may be getting longer, as US schools try to keep up with the competition overseas. Where were these long days when my angel was in grade school? NASDAQ was the big loser today, giving up about 1/2%. DJIA -15.06 NASDAQ -10.58 S&P 500 -1.82