Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Tuesday, September 01, 2009

Tuesday Blues

Today, Ford's US sales rose, while GM and Chrysler sales drop. Also, stocks opened a bleak month for markets with a financials led selloff today. Financials led stocks' August rally because investors grew increasingly confident that the economy had moved past the worst. However, now fears are setting in that the rally may have gotten ahead of fundamentals. Yesterday, Disney bought Marvel Comics! So, now when you go to Disney World, you can see Superman! DJIA -185.68 S&P 500 -22.58 NASDAQ -40.17