Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, July 29, 2009

Wednesday

Today, it came out the Cash for Clunkers is really helping the new car sales. However, for the public, the rules are a real obstacle. They are incredibly complicated, but we will see how it goes. President Obama took the sharpest jabs yet at his critics accusing them of rallying the opposition with scare tactics and hypocrisy. Despite all of the discomfort, the Fed's beige book report showed that the pace of economic decline is stabilizing. All of this resulted in a lull for our markets. DJIA -26.00 S&P 500 -4.44 NASDAQ -7.75