Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Friday, July 27, 2007

A penny short

Crude-oil futures rose $2.07 to $77.02, a penny off its record closing high of $77.03 set in July 2006. The markets rallied around mid-morning but could not hold on in the afternoon. "Credit spreads continue to widen, so the fear is still out there," said Stephen Sachs, director of trading at Rydex Investments. Monday and Tuesday are going to be interesting to see, to see if this trend continues or there is stabilization and growth on the horizon. Have a great weekend. DJIA -208.10 Nasdaq -37.10 S&P 500 -23.71