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.
Independent, Fee-Only Financial Advisor
Wednesday, March 26, 2008
How high will gas go?
Stocks suffered a daylong slump Wednesday amid signs that three key things aren't happening in the U.S. economy: consumers aren't buying new homes, businesses aren't buying equipment, and refiners aren't turning crude oil into fuel. In the long run, the prices of the two commodities will have to fall into something that more closely resembles lockstep, with either crude falling dramatically or gasoline rising sharply. Commodity traders are increasingly betting on the latter, a potentially worrisome sign for the broader economy. Some analysts believe we could see gas at $4 a gallon by this summer. . . ugh.
DJIA -109.74 Nasdaq -16.69 S&P 500 -11.86