Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Thursday, August 06, 2009

Thursday

The markets fell today as investors are bracing themselves for a critical jobs report coming out tomorrow and the rally in the financial sector has dwindled out. We also saw Proctor & Gamble fall 4.6% today. From this, investors are worried about its sales outlook and are questioning its pricing strategy. We are also seeing the retailers' sales are sluggish. Last month, sales fell by the second sharpest amount of the year because consumers are becoming tight-wads! DJIA -24.71 S&P 500 -5.64 NASDAQ -19.89