Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, July 16, 2007

Odd day

The Dow was the only index that finished up today as it flirted with 14000 early this afternoon. "It's an odd day -- most everything is down, and it's just the Dow, a few of the big Dow names, are up," said Jim Paulsen, chief investment strategist at Wells Capital Management. IHOP, the company behind the well-known pancake houses, gained 9.1% after it agreed to buy Applebee's International, the largest casual-dining restaurant chain, for $2.1 billion. I wonder if Applebee's will begin to serve breakfast? DJIA +43.73 Nasdaq -9.67 S&P 500 -2.98