Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, July 30, 2007

Monday brought about some stabilization in the markets. After a morning of ups and downs, the 3 major indexes made a strong afternoon push to finish the day with a solid gain. All of the problems that bothered the markey last week are still lingering but people are beginning to realize that the numbers, especially earnings, aren't so bad. So far, with 63% of the companies in the S&P 500 having handed in their latest quarterly numbers, profits are running 7.4% higher than at the same time a year ago, according to Thomson Financial. I believe today calmed some people's nerves. DJIA +92.84 Nasdaq +21.04 S&P 500 +14.96