Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, August 17, 2009

Monday Blues

Stocks suffered a broad decline today as fear spread around the globe that an economic rebound is possibly further away than previously thought. Signs of this decline were shown last week when weak sales data and poor earnings from major chain stores began to diminish investors' confidence in the market. Today's major losers were basic-materials stocks. Today was the biggest one-day loss since July 2. I feel like tomorrow might be a better day! We have sent out a recent newsletter last week. So, be watching for those in the mail! DJIA -186.06 S&P 500 -24.36 NASDAQ -54.68