Independent, Fee-Only Financial Advisor

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