Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, August 16, 2007

When Down Is Up

It was a roller coaster day, but the triple digit losses faded by the end of the trading session. Jeremy was in the back doing his "end of day surge dance." It must have worked, because the Dow and NASDAQ ended down only modestly. The S&P actually saw a gain for the day. HP reported an increase in earnings of 29% amid the turmoil. On the other hand, giant mortgage company, Countrywide, is scrambling to stay afloat. Uncertainty is still hanging over Wall Street, but today was a welcome relief. I think we'll keep Jeremy dancing!
DJIA -15.69 NASDAQ -7.76 S&P 500 +4.57