Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

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