Monday, August 13, 2007

Hurricanes and Mondays Always Get Me Down

The Hawaiian Islands are bracing for a Category-3 hurricane…
named Flossie.
Hurricane Flossie?

Sorry, but that just doesn’t sound very ominous…unless it means the storm is capable of blowing food particles from between your teeth.

Speaking of bluster and blow…for all the tumult on Wall Street last week, the markets managed to end the week with a gain. That’s right—if you just left well-enough alone last week, you would have made a little money. The Dow finished with a .4% gain, the S&P 500 made 1.4%, and the Nasdaq was up 1.3% for the week.

Questions to ponder as we enter the week: Were the liquiduty injections by the various banking systems around the world sufficient to soothe the nerves of investors? And like treating a cancer patient with chemotherapy, what will be the likely side-effects of such strong medicine on the world’s currencies?

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