Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, December 31, 2007

Last day of 2007

Markets wound down at the end of 2007, but stocks closed the year safely in the black despite the months of credit-market strife. In a session characterized by thin volume, stocks weakened as investors who had waited until the last possible minute for a year-end bounce swallowed their losses for tax purposes, according to Fred Dickson, chief market analyst at D.A. Davidson. For the year the Dow rose 6.4%, Nasdaq 9.8%, and S&P 500 3.5%. Investors are hoping that the new year, which won't kick-off until Wednesday on the stock market, will bring solid gains. Have a fun and SAFE new year's holiday. DJIA -101.05 Nasdaq -22.18 S&P 500 -10.13