2nd Quarter Comes to a Close

Stocks ended the second quarter with a broad decline. However, the U.S. stock market's gains since March were so strong that the S&P 500 finished with its biggest gain since the 4th quarter of 1998. Fannie Mae and the dollar is to blame for today's fall. Fannie reported a big increase in mortgage delinquencies. We can also blame a rising dollar for pushing commodity prices. Even with this close, the Dow ended the second quarter up 11%--its best quarterly gain since 2003!! Just some other tidbits of information...Madoff has officially been sentenced to 150 years. Also, Starbucks release that they were fixing to start offering much healthier options. They aim to change current recipes to include more fruit and remove additives. DJIA -82.38 S&P 500 -7.91 NASDAQ -9.02