Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, January 10, 2008

How Do You Spell Relief?

Relief came to the financial sector today, as word came that Bank of America may buy Countrywide Financial. The news sent the stock north. Ahh, thank goodness for some good news! Bernanke testified before Congress and offered another bit of good news. The Fed is ready to make "substantive" cuts. You could almost hear the applause from Wall Street. The result was a bounce on the Street. Let's hope the relief keeps coming. DJIA +117.78 NASDAQ +13.97 S&P 500 +11.20