Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, August 21, 2007

Stability?

After a fairly stable Monday I was quite interested to see how the markets would react to a closed-door government meeting held today.Federal Reserve Chairman, Ben Bernanke, met with Treasury Secretary Henry Paulson and Senate Banking Committee Chairman Chris Dodd, to discuss the recent commotion in the markets. Dodd said that Bernanke declared he is prepared to use "all the tools at his disposal" to ease the market's liquidity woes. So what did this do the for the markets? Not a whole lot. Which could be just what we need, a little stability. DJIA -30.49 Nasdaq +12.71 S&P 500 +1.57