Saturday, May 20, 2006

The week in review

  • DJIA lost 236.93 for the week, 2.08% to finish at 11,144.06. Ouch!. But just for some perspective, we finished 2005 at 10,717.50, so we're still up 4% year-to-date.
  • Nasdaq Composite shed 49.90, not as bad as last week. It finished at 2193.88, down 2.22%. The Nasdaq finished 2005 at 2205, so it's showing a 0.5% loss for the year.
  • S&P 500 dropped 24.21, 1.87% and finished the week at 1267.03. It closed 2005 at 1248, so it's still 1.5% on the positive side.
  • Crude oil dropped a whopping $3.51 to finish the week below $70 at $68.53. So that means gasoline should be dropping 20-30 cents/gallon, right?
Stocks fell really hard on Wednesday, 214 points, the biggest single day drop since March of 2003.

Burger King priced its initial public offering on Wednesday at $17. It wasn't the best time to begin public trading but BKC fared pretty well.

The jury began deliberations this week in the Enron trial, no verdict yet. Heck, the trials only been going on 56 days.

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