Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, March 13, 2008

Holding UP

A grim retail report came out today indicating falling sales for February. Markets dropped dramatically at the open in response. Throughout the day, though, things settled out, and all indexes managed to show green. The drumbeat is growing louder for recession, and I'm trying to figure out if this is just all noise at this point. The sun is shining. The weather is warm. And pocketbooks seem to be getting looser around here. We'll have to see what March's numbers look like! DJIA +35.50 NASDAQ +19.74 S&P 500 +6.71