Wednesday, May 17, 2006

Dow Dumps 214

OUCH

The Dow Jones was down 214 points today which is the worst single day for blue chips in three years. And if you care, I got slammed today on the crap that I own. Evidentally, inflation numbers were the culprit as investors are worried that the fed will continue raising interest rates. Not good.

A little good news today however was that oil prices dropped below $69 per barrel. But dont expect to see any quick relief at the pump.

-Brad

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