Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, May 20, 2008

A Pullback

Oil jumped over $129 per barrel. There was caution about more bad news from the financial sector. A Fed member said no more on future rate cuts. The combination sent all indexes tumbling. Large-caps took it on the chin more than NASDAQ, though. After close, HP released earnings, and the news was all good. Could we see a see-saw tomorrow? DJIA -199.48 NASDAQ -23.83 S&P 500 -13.23