Nancy Lottridge Anderson, Ph.D., CFA, and her staff offer expert advice and personal service. We offer our services on an hourly or retainer basis for our clients. Our services include account management, stock and economic research, retirement planning, and 401k slate analysis. We manage investment accounts of any size and tailor the portfolio to meet your specific needs. For clients of ours, we are available to help with any financial situation you face.
Independent, Fee-Only Financial Advisor
Tuesday, June 30, 2009
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
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