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
Monday, December 10, 2007
Stocks rallied early Monday morning and held throughout the day. Investors seem to agree that there will be a rate cut tomorrow but the question seems to be how much of a cut it will be. UBS surprised investors Monday by announcing a further $10 billion in write-downs, which will lead to a fourth-quarter loss and could wipe out all its profits for the year. Crude-oil futures dropped 42 cents, down to $87.86 a barrel. With the Fed meeting and a possible rate cut, Tuesday should be quite interesting.
DJIA +101.45 Nasdaq +12.79 S&P 500 +11.30