Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, February 05, 2008

Super Fat Tuesday

While the party was raging in New Orleans and candidates were waiting to see if it will be a victory party or a concession speech, Wall Street was running for the exits. Not a pretty day! Our economy has turned into a service economy, so when news of trouble in this area hit, it hurt. All indexes dropped around 3%. Maybe we're too busy with Mardi Gras and voting to trade?!? It could be a long 40 days! DJIA -370.03 NASDAQ -73.28 S&P 500 -44.18