Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Friday, May 18, 2007

Good Friday

Markets took off again today. There wasn't one single event triggering the rise. Instead, there were several bits of interesting business news. First, private equity is stepping up again, offering an even better deal for Clear Channel. This looks like it will go through. High gasoline prices will make the refiners (big oil) even richer as the second quarter winds down. No surprise there! China is actually starting to get aggressive with monetary policy to address the Wild, Wild West syndrome in their economy. And Odyssey Marine has found sunken treasure in the form of gold and silver! To top it off, it's a sunny, COOL day in Mississippi. It's ALL good! DJIA +79.81 NASDAQ +19.07 S&P 500 +10.00