Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, May 08, 2008

Adding On

Stocks gained across the board today-- nothing dramatic, but a gain nonetheless. The retail sales report was a bright spot. The fact that consumers are joining the game again is definitely a positive. Toyota is set to post its first annual loss in 7 years. I guess that means we may be buying shoes, but we're not buying cars. Economists believe the runup in oil and food is related to demand, not speculaton. Globalization is the word for the day. DJIA +52.43 NASDAQ +12.75 S&P 500 +5.11