Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, June 02, 2008

Shake-Up in Financials

Wachovia and Wamu sent their CEOs packing today. Cleaning house is often a good sign for investors, but uncertainty is till causing investors concern. S&P downgraded more of the financials. The combined result was about a 1% drop in markets. Will this finally be the end of bad news for the financial sector? DJIA -134.50 NASDAQ -31.13 S&P 500 -14.71