Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, July 30, 2008

Another Good Day

Oil gained today, but the result was a boost for oil stocks. The Dow and the S&P added more than 1 1/2%. The financial sector cooperated today, as well. Across the board, stocks added to yesterday's gains. Investors are breathing a sigh of relief. DJIA +186.13 NASDAQ +10.10 S&P 500 +21.06

Tuesday, July 29, 2008

Back From Vacation

I spent last week in the cool Canadian Rockies. What glorious views! The markets stayed calm until Thursday, when all indexes took big drops. I came back to the Mississippi heat, only to find the AC in the office was out. Finally, relief came today on all fronts, as stocks bounced in the right direction. Financial stocks are still swaying Wall Street, and today was no exception. BAC gained 14%, and all indexes responded by adding about 2 1/2%. Oil prices have dipped below $130, with a few hiccups along the way. Summer is not over yet, so I'm still cautious. DJIA +266.48 NASDAQ +55.40 S&P 500 +28.83

Wednesday, July 16, 2008

Happy Day!

I've been staying away from the blog because of all the red ink spilling on Wall Street, but today was a good day. Wells Fargo (one of my favorites) came through with good numbers, setting up the surge among financials. Freddie Mac and Fannie Mae got some needed relief from lawmakers, as well. The entire financial sector got a huge boost in the arm. In addition, oil prices dropped dramatically. It seems we may finally be cutting our usage. The combination sent all indexes up 2.5 to 3%. It's a start! DJIA +276.74 NASDAQ +69.14 S&P 500 +30.45

Wednesday, July 02, 2008

Jobs and Oil

The U.S. economy lost jobs in the latest report. Oil keeps bouncing around the low $140 range, going over $144 at one point. GM is hitting the skids. And Lehman is handing out bonuses?? Of course, the bonuses are in the form of Lehman stock-- may not be worth the paper they're printed on! It's still tough on Wall Street, as all indexes are in the red. DJIA -166.75 NASDAQ -53.51 S&P 500 -23.39