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.
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Friday, February 29, 2008
AIG's ugly report
The overall market took a hit Friday, when AIG released a less than pretty earnings report, that sent credit worries back to the forefront. The insurance giant reported a $5.29 billion loss, the biggest in its history, and took a big charge related to the estimated market value of credit derivatives. All 30 components of Dow Jones Industrial Average fell, leaving the blue chip average in the red for the week. Friday definately left a bad taste in investors' mouths and we will see how they respond next week. DJIA -315.79 Nasdaq -60.09 S&P 500 -37.05