Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, October 11, 2007

Afternoon Slump

Markets took off this morning and were rosy through early afternoon. I only looked down for a minute, and, poof! The gains disappeared. What looked like a triple digit day for the Dow turned out to be red across the board. As the day began, the news was all about optimistic views from the nation's economists. There were no signs of a recession, and everyone was happy. After lunch, downgrades on technology sent investors into hiding. DJIA -63.57 NASDAQ -39.41 S&P 500 -8.06