Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, March 13, 2007

Lending Concerns

Concerns about subprime lenders from yesterday bled over into today's session. Retail numbers were lackluster, adding to the run for the exits. All indexes dropped about 2% for the day. We are still a consumer driven economy, so some inkling that consumers may be slowing spending creates waves in the market. Investors will be looking for safe havens, as the shake-out continues. I'm thinking "Spring Sale." DJIA -242.66 NASDAQ -51.72 S&P 500 -28.65