Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, December 27, 2007

Ms. Bhutto

Former Pakistani Prime Minister Benazir Bhutto was killed today in a suicide attack in the military garrison town of Rawalpindi, plungin Pakistan into fresh turmoil. Stocks suffered a loss on Thursday, but not nearly to magnitude that Pakistan did. How will Ms. Bhutto's death affect us? "Regional destabilization will drive oil prices up, which will further weigh on the Federal Reserve's ability to cut rates," said Marc Pado, U.S. market strategist at Cantor Fitzgerald. The event already took it's toll on our market today and it may not be done. DJIA -192.08 Nasdaq -47.62 S&P 500 -21.39