25-10-07
Wow what a day. The market was down then up to about even. Bank of America announced it is cutting 3,000 jobs due to a loss in earnings and Microsoft bought a larger stake in Facebook for the tune of $240 million. Everyone is upset about the California wildfire damages reaching over one billion dollars. The Dow Jones Industrial Average wavered over 200 points but ended down .98 points down .01 percent for the day. The NASDAQ was down 24.5 points down .88 percent for the day. I ended up .34 percent for the day largely due to the performance of Microsoft (MSFT) which was up 1.13 percent for the day up 22.12 percent for a two year period or up 11 percent per year.
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