Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, May 14, 2008

Quiet Rainy Day

It's a quiet Wednesday in Mississippi, with intermittent bouts of rain... the kind of day that leaves you wanting a nap. Markets were a bit more energized. Data came out on consumer prices, and the news was good. Inflation is not running away with things. AIG's board is standing by its man, Sullivan, despite an outcry from shareholders. Merck got a nice boost. The Vioxx verdict was overturned, which should remove their dark cloud for now. Large-caps added about 1/2% today. DJIA +66.20 NASDAQ +1.58 S&P 500 +5.62