Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, January 17, 2008

More Gloom

I haven't seen the sun in a couple of days. It's dreary and gloomy in Mississippi. Wall Street is in the same mood. Numbers for housing starts were released, and they were not good. Merrill Lynch released dismal earnings today. The bond insurers are struggling. Bernanke is pushing Congress to follow his lead in addressing the downturn. The only bright news is GM... believe it or not. They seem to have turned the corner. Will wonders never cease? DJIA -306.95 NASDAQ -47.69 S&P 500 -39.93