Winding down 2007; markets in review
Posted By RichC on December 31, 2007
My family has been enjoying some time out of town and away from the computer, cellphone, Internet and WORK! In full disclosure though, I did make an attempt a post from my Palm Treo 700p as I wanted to comment on my daughter’s new iGo Keyboard, but wasn’t able to get the post and photo uploaded.
Nevertheless, in winding down the year, its the time many investors and watchers of the economy check up on their investments. Although the U.S. markets overall had gains this year, the trouble in the sub-prime financial markets and the effect on housing really put a damper on an otherwise positive year.
Here are a few 2007 changes:
DOW Industrials were up 7.24%
“Tech heavily” NASDAQ up 11%
S & P Healthcare up 6.33%
S & P Technology up 17%
S & P Telecom up 11%
S & P Materials up 21%
S & P Financials down -21%
Oil was up on the year nearly 60% which pushed the energy sector higher an impressive 34%. Hmm … will the biggest returns for 2008 be in a financial stock rebound??? If so, does one invest in the group (mutual fund or ETF — ie. XLF, VFH, KBE) or try to pick the strongest companies?
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