Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, May 02, 2007

More Activity

Wall Street was abuzz again today with merger and buyout talks. Cablevision may be going private, as the founding family makes an offer. This is an IPO in reverse-- a sign that the private equity groups see value not recognized by the Street. Activity like this is a boost to all stocks. In addition, factory orders increased. In particular, orders of aircraft are up. I recognize that air travel is becoming more mundane, but it's NOT becoming any easier. Every time I have to get on an airplane, I mutter a few choice words. The Dow zoomed into the triple digit gains on the day (at one point) before settling into an increase of more than 1/2%. NASDAQ was the winner, gaining more than 1%. DJIAj +75.74 NASDAQ +26.31 S&P 500 +9.62