Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, May 05, 2008

Oil Back Through the Roof

We had a reprieve on oil prices last week, but it was short lived. The price per barrel opened higher and kept on going, finishing at over $120 per barrel. The result was a decline on all indexes. Yahoo's shares took a hit, with Microsoft rescinding their offer. Ya-hoo anyone??? The week is starting off in the red. DJIA -88.66 NASDAQ -12.87 S&P 500 -6.41