Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, March 19, 2008

Did Tuesday's rally hold?

Unfortunately not. The Dow dropped 293 points, taking back over half of what yesterday's rally brought. Investor's peace of mind, that came with Tuesday's gain, was quickly pushed aside as nervousness over the credit crisis came right back to the forefront. There is just a lack of conviction that the broader economic picture is improving. Commodity-related stocks fell, led by gold dropping $58.50, ending a six day winning streak. DJIA -293.00 Nasdaq -58.30 S&P 500 -17.80