The week in review

• DJIA shot up 170.97 points, 1.49% and closed Friday at 11,679.07. Smokin'!
  

• Nasdaq Composite gained 39.50 points, 1.78% and finished off the week at 2258.43.
  

• S & P 500 was up 21.07 for the week, a 1.60% gain, and closed at 1335.85 Friday.
  

• 10-year Treasury yield increased 0.037 percentage points to 4.637%.
  

• Crude oil rose $2.36, 3.90% to $62.91. A dead cat bounce?

While the Dow Jones Industrial Average is bumping up against an all time high, many portfolios are still nowhere near records posted in early 2000. The DJIA is a scant 44 points below its peak of 11722.98 that it reached in January of 2000 but it's interesting to note that the S&P 500 is 12% below its record and the Nasdaq is a whopping 55% short of the peak it reached in March of 2000.

Cartoon Tuesday

By Steve Nease, Oakville, Ontario

The week in review

• DJIA dropped 0.46% or 52.67 points to close out the week at 11,508.10.
  

• Nasdaq Composite shed 16.66 points, 0.75% and finished at 2218.93.
  

• S & P 500 lost just 5.09 points, 0.39% and closed Friday at 1314.78.
  

• 10-year Treasury yield dropped 0.198 percentage points and stands at 4.601
  

• Crude oil fell another $3.47, 5.42% and was trading yesterday afternoon at just $60.55/bbl.

The Fed's Board of Governors met this week and, for the second consecutive meeting, left the discount rate alone. And while the multitude of economic measures are almost always a mixed bag, there seems to be mounting evidence that the U.S. economy is slowing too quickly. So, if you're worried about that adjustable-rate mortgage that you got a few years ago, there's still hope. Mortgage rates have dropped significantly in the last couple of months and if, six months from now the Fed reverses course, it could be an ideal opportunity to lock in a long-term fixed rate.

Cartoon Tuesday

Daryl Cagle, MSNBC

Cartoon Tuesday

By Larry Wright, The Detroit News

The week in review

• DJIA lost 72.04 this week, 0.63% and closed Friday at 11,392.11. A mild pullback.
  

• Nasdaq Composite shed 27.37 points, 1.25% to finish at 2165.79.
  

• S and P 500 was down 12.09, 0.92% and wrapped up the week at 1298.92.
  

• 10-year Treasury yield increased just a tad, 0.051 percentage points to 4.781%. 4.50% is till in our future. Don't refinance that ARM just yet.
  

• Crude oil fell another $2.94, 4.25% and stood Friday at $66.25/barrel. Wasn't it only a few weeks ago that pundits were projecting $100?
  

The week in review

• DJIA gained 180.10 this week, 1.60% and closed Friday at 11,464.15. Not bad.
  

• Nasdaq Composite added 52.87 points, 2.47% to finish at 2133.16. Tasty.
  

• S and P 500 was up 15.92, 1.23% and wrapped up the week at 1311.01.
  

• 10-year Treasury yield dropped 0.062 percentage points to 4.728%. Is 4.50% in our future?
  

• Crude oil fell another $3.32, 4.58% and stood Friday at $69.19/barrel. Gee, gas will be back under 2 bucks before you know it.
  

Lots of good news all around!