Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, August 09, 2010

Going Against the Flow

The news today didn't bode well for stocks. The report on personal income for 2009 indicated a decline, but that was 2009. Two high profile CEOs stepped aside, HP and Sara Lee. McDonald's earnings jumped, but it's McDs. Doesn't that mean we're rushing back to cheap food? The only bright spot was the talk of the latest IPO-- for Skype. Despite all the negative news, stocks gained nicely. Does this mean better days are ahead? DJIA +45.19 NASDAQ +17.22 S&P 500 +6.15