Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, August 18, 2008

The Financial Hump

Oil fell to below $113 a barrel. We noted the change at the pump, as we cruised into town last night-- from near $4 a gallon to $3.50 per gallon. My husband reported a $3.39 per gallon sighting! Despite the continued freefall of oil, markets dropped 1.5% across the board. The financial sector continues to weigh on investors. Freddie and Fannie are taking it on the chin. We await word from Washington on these two supporting giants. DJIA -180.51 NASDAQ -35.54 S&P 500 -19.60