Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, June 25, 2009

Terrific Thursday

Today, Warren Buffett tried his abilities at fortune-telling. He is predicting that the economy outlook is gloomy. He claims that we have not even seen the worst yet. However, in the forecast today was a sunny, beautiful day. Stocks surged to day as retail, industrials, and commodities shares made great gains! In fact, the S&P retail index was up 4% today. Also adding to the market's cheer was lower interest rates after a better-than-expected results from at $27 billion auction of 7-year Treasury notes. So, today's forecast looked good!! DJIA +172.54 S&P 500 +19.32 NASDAQ +37.20