Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, June 09, 2008

A Lot of News

Oil dropped from the stratosphere, but, of course, we're still facing ever-climbing prices at the pump. Home prices have also dropped... to the point that buyers are starting to head back in. That's the sign we've been watching for. The financial sector is still struggling. Lehman is trying to raise more money to cover the red all over their balance sheet. NY Fed President is insisting on tighter regulation for financials-- no argument here! McDonald's is holding the tomatoes due to a salmonella scare. And Apple is at it again-- unveiling a new, faster IPhone. I'm all ears! The Dow added back 1/2%. DJIA +70.51 NASDAQ -15.10 S&P 500 +1.08