Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, May 30, 2007

Whoa!

U.S. markets took off today, despite the rumble in China. The Chinese are concerned about an overheated stock market, so they tripled the tax on stock transactions. It didn't just slow things down. It put them in reverse. Strangely enough, our markets responded positively. Gains on all indexes were around 0.8%. The S&P 500 hit a record. The record for this broader index is a good sign. Microsoft has a new computer screen. It's a table top! I just can't keep up with these changes. DJIA +111.74 NASDAQ +20.53 S&P 500 +12.12