Nancy Lottridge Anderson, Ph.D., CFA, and her staff offer expert advice and personal service. We offer our services on an hourly or retainer basis for our clients. Our services include account management, stock and economic research, retirement planning, and 401k slate analysis. We manage investment accounts of any size and tailor the portfolio to meet your specific needs. For clients of ours, we are available to help with any financial situation you face.
Independent, Fee-Only Financial Advisor
Tuesday, August 31, 2010
Stocks floated between positive and negative numbers today on Federal Reserve uncertainty over how to handle the faltering economic recovery. Today marked the close of the market's worst August since 2001. Early in the day things were looking good due to slightly better-than-expected housing, manufacturing and consumer-confidence data. These gains then declined after minutes of the August 10 Fed meeting showed that policy makers agreed that the new strategy of reinvesting maturing or refinanced mortgage-related securities was necessary given the weakening economic recovery. DJIA +4.99 Nasdaq -5.94 S&P 500 +.41.
Posted by Anonymous