Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, June 18, 2008

Flies in the Soup

Markets are still a little dicey, as investors digest more news from the financial sector and face the ever-rising price of oil. Crude oil futures actually dropped for 3 days but headed back north today, ending at around $136 per barrel. While there have been shakeouts at the big guys over the last week, with AIG and Lehman cleaning house, the regional banks felt the pain today. Markets dropped about 1%. DJIA -131.24 NASDAQ -28.02 S&P 500 -13.12