Saturday, April 22, 2006

The week in review

  • DJIA gained 209.80 or 1.88% to close the week at 11347.45. Woohoo!
  • S&P 500 rose 22.16, 1.72% to close at 1311.28
  • 10-year Treasury yield took a breather and dropped 0.043 percentage points to finsh at 5.01%. It's still above 5%, but just barely.
Oil gained whopping $4.35 to rise to 75.17/barrel. This week's tank o' black gold set me back $55.

Oil prices are at record highs and we're all feeling the bite at the pumps, but if it makes you feel any better, adjusted for inflation, we're nowhere close to the all-time high. The inflation-adjusted record, set in April of 1980, is $97.55 a barrel.

Cartoon by Daryl Cagle

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