Thursday, June 23, 2005

Dow Plunges 166 As Oil Briefly Passes $60: "Stocks plunged Thursday, sending the Dow Jones industrials down 166 points as oil prices briefly moved past the psychologically important $60 per barrel level for the first time. Oil's advance accelerated a selloff prompted by poor earnings from FedEx Corp. - which blamed high fuel prices for its disappointing profits." —Associated Press

Time to sell some of that GOOG and buy some XOM!