Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, November 07, 2007

Financials continue to struggle

The markets took a dive Wednesday as Wall Street remains nervous about how much damage has yet to be uncovered from this summer's credit crunch. The financial sector took another large hit, led by Washington Mutual and Capital One losing 17.29% and 15.53% respectively. I hope the end to this credit problem comes soon. Crude-oil futures did not break the $100 dollar mark today and actually fell down to $96.24. Hopefully the markets will rebound before the week is over. DJIA -360.92 Nasdaq -76.42 S&P 500 -44.65