Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Friday, August 29, 2008

Hurricane Watch

All eyes are on the Gulf, as Gustav makes its way to the oil rich area. I called my folks this morning in Gulfport to see if they are ready to make a trip North. As expected, they are calm and collected and getting ready for the storm. They've purchased a generator that can power the freezer, their 2 refrigerators (yes, 2), a room air conditioner, AND the television. There are more storms behind this one, as hurricane season heads into high season. Oil prices are climbing in response. Markets are dropping in anticipation. DJIA -170.74 NASDAQ -44.12 S&P 500 -17.87