Words from the (investment) wise for the week that was (Aug 4 – 10, 2008)

Sunday, August 10, 2008 | 03:00 PM

The Olympic Games kicked off at 8:08:08 pm on Friday night, the eighth day of the eighth month of 2008. Coincidence? Not at all. The number eight is considered lucky by the Chinese, because in Cantonese (the language of South China) the word for prosperity is “fa”, which sounds like “ba” (eight).

Let the gains begin. Fortune also smiled upon stock markets, with the S&P 500 Index scoring its first back-to-back weekly gain since April as the US dollar rallied strongly and oil and commodities plummeted. The S&P 500’s gain since the low of July 15 has been 6.7%, with the Financial SPDR up by 27.8%.

Continued here . . .


Sunday, August 10, 2008 | 03:00 PM | Permalink | Comments (8) | TrackBack (0)
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The link came up funny above. Here it is:



BR Fixed above -- thanks for the heads up!

Posted by: HCF | Aug 10, 2008 3:06:43 PM

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