Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, March 19, 2007

Go Figure

Markets suddenly took off today, but it's difficult to tell what the catalyst was. Homebuilders are still in the doldrums, pointing to the problems in the subprime area. The Federal Reserve is meeting this week. Doesn't that mean uncertainty? There is news of a few mergers swirling about, but there doesn't seem to be any one thing that caused the buying spree. Of course, that's the same way I felt when things were tanking just a few weeks ago. Maybe, we're just in a period of volatility, but the markets are displaying strength throughout it all. I don't care WHY it went up. I'm just delighted it did. All indexes added almost 1%. DJIA +115.76 NASDAQ +21.75 S&P 500 15.11