Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Friday, September 14, 2007

Calm before the storm

Markets were calm Friday afternoon, but it might be just a short reprieve before a predicted surge of activity next week. There just wasn't much trading going on Friday, with investors keeping their eyes focused on the Tuesday Fed meeting. "Next week will be a defining moment for the markets in the near term," said Michael Murphy, president of Piney Run Partners. Crude-oil futures actually went down today, falling 99 cents to $79.10 a barrel. Overall Friday was a good ending to a pretty good week. Have a safe weekend! DJIA +17.64 Nasdaq +1.12 S&P 500 +0.30