Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Friday, August 03, 2007

End of Day Slide

Markets tumbled, but so did oil prices. What gives? Well, it's the credit market again. Those pesky problems in the subprime market are spreading. Job creation slowed, also dampening expectations on Wall Street. The combination of slower jobs growth and lower oil prices should keep the Fed in check. Maybe, the inflation bugaboo will disappear. Now, we just need to calm down that credit market. Indexes dropped from 2 to 2 1/2%. DJIA -281.42 NASDAQ -64.73 S&P 500 -39.14