Nancy Lottridge Anderson, Ph.D., CFA, and her staff offer expert advice and personal service. We offer our services on an hourly or retainer basis for our clients. Our services include account management, stock and economic research, retirement planning, and 401k slate analysis. We manage investment accounts of any size and tailor the portfolio to meet your specific needs. For clients of ours, we are available to help with any financial situation you face.
Independent, Fee-Only Financial Advisor
Friday, October 19, 2007
Markets take a fall
The major indexes all ended down more than 2.5% Friday. The Dow Jones Industrial Average dropped 366.94 to 13522.02. Losses in stocks accelerated into the afternoon. Friday was an options-expiration day, which can often see more volatility and exaggerated market moves. Jim Herrick, head trader at Robert W. Baird, said that positive earnings surprises had already been priced into the market, and were now coming out. Hopefully this will balance out next week. Have a good weekend.
DJIA -74.15 Nasdaq -366.94 S&P 500 -39.45