Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, July 26, 2007

Credit worries

Widening credit-market worries forced the major indexes down about 2% each on Thursday. Many banks have been hurt by having to take loans onto their balance sheets instead of passing them on to outside investors. Apple shares rose 6.4% after the company reported a 73% profit rise on sales of Macintosh computers. Though it was a down day, it maybe should be viewed as a buying opportunity in the long run because earnings have been coming in better than expected. DJIA -311.50 Nasdaq -48.83 S&P 500 -35.43