Nancy Lottridge Anderson, Ph.D., CFA, and her staff offer expert advice and personal service. We offer our services on an hourly or retainer basis for our clients. Our services include account management, stock and economic research, retirement planning, and 401k slate analysis. We manage investment accounts of any size and tailor the portfolio to meet your specific needs. For clients of ours, we are available to help with any financial situation you face.
Independent, Fee-Only Financial Advisor
Monday, August 27, 2007
Cloudy day
Evidence of continued weakness in housing and mortgages put a damper on markets Monday. Just like we have been seeing, mortgage lenders took another hit today. Countrywide shares dropped 4.8%. Its rivals were battered too, as Thornburg Mortgage dropped 12% and Novastar Financial retreated 7.5%. U.S. Steel agreed to acquire Stelco for $1.1 billion and Home Depot's board agreed to sell its struggling wholesale supply unit for $8.5 billion, or roughly 18% less than it had originally agreed. Crude-oil prices are back on the rise, growin 88 cents today. Overall, it felt like a cloudy day. . . without rain.
DJIA -56.74 Nasdaq -15.44 S&P 500 -12.58