Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, September 02, 2008

Whew!

We are breathing a sigh of relief in Mississippi, as Hurricane Gustav sent us a light, glancing blow over the Labor Day weekend. My family in Gulfport didn't even lose power during the storm. Of course, they were prepared with a generator and bottles of water. In Jackson, it's just been a rainy, blustery day. For those in Louisiana, it's not all good news, but it's so much better than expected. Markets responded with a resounding "Whew!" since our oil supply is linked to the health of the area. At first, the Dow added over 200 points, but that green lead dwindled by the end of the day. Could it be that we are realizing that Hanna and Ike are close behind? DJIA -26.63 NASDAQ -18.28 S&P 500 -5.25