Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, January 31, 2008

down early, up late

The Dow Jones Industrial Average opened lower Thursday, amid worries about the solvency of bond insurers. But, reassuring comments from bond-insurance giant MBIA helped jumpstart the rally that left the Dow higher than where it started. "The market is fairly valued right now," said Jack Ablin, chief investment officer at Harris Private Bank. "If any company can make a profit this year, it's shares should do pretty well." DJIA +207.53 Nasdaq +40.86 S&P 500 +22.74