Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, May 13, 2008

ND Adding On

While the Dow and the S&P 500 backed up slightly, NASDAQ added about 1/4%. Carl Icahn is grabbing up shares of Yahoo. The big time investor is sniffing around for a deal. Bernanke is still cautious about the credit markets and assures investors that the Fed will continue to add liquidity. Retail sales data was good, another sign that the consumer is rejoining the game. Globally, China is still in the throes of a full-scale rescue operation, and the UN is still trying to help Myanmar. DJIA -44.13 NASDAQ +6.63 S&P 500 -0.54