Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, June 25, 2008

A Fed Non-event

The Fed met this week and decided to leave rates the same. The good news is that they didn't hike rates to combat inflation. The bad news is that they didn't hike rates to combat inflation???? More to come... Oracle's profit increased nearly a third. Research in Motion doubled its profit. Is this a recession? NASDAQ added nearly 1.5%, but the Dow barely bumped into the green. The S&P 500 added about 1/2%. DJIA +4.40 NASDAQ +32.98 S&P 500 +7.68