Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, August 05, 2009

Wednesday Blues

Today we saw a slip in the markets. We broke our four-day gaining pattern. Traders' hopes for a rapid economic recovery were busted today after reports were issued. On a positive note, the financial sector rallied today with sharp gains for some very beaten companies. News came out the in the private sector, there were approximately 371,000 jobs shed last month. We can also attribute our fall today to the losses in several economic-sensitive sectors like industry, consumer stocks, and technology. Tomorrow is a new day. DJIA -39.22 S&P 500 -2.93 NASDAQ -18.26