Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, June 05, 2007

Change of pace

Tuesday brought a change of pace as all three indexes finished in the red. Nasdaq and S&P took a stumble losing 7.06 and 8.23 points respectively. The Dow dropped significantly this morning, followed by a slight afternoon recovery, leaving it with an 80.86 deficit for the day. Today's loss could possibly be contributed to Bernanke's comments on inflation risks, even though he still feels confident about the outlook of the U.S. economy. The rough morning was "interest-rate driven," and came "a little out of the blue," according to Bennet Sedacca, president of Atlantic Advisors. President Bush spoke in Prague today, discussing his world-wide push for freedom and democracy. I am interested to see where our market will be tomorrow. DJIA -80.86 Nasdaq -7.06 S&P 500 -8.23