Dallas Fed president Dick Fisher’s comment about inflation concern cause the market to drop like a rock. On top of that, many companies are starting to blame cost of production is hurting the profits. Oil retreated as the concern over supply eased. Overall this is a directionless market and take profit when you can.

This entry was posted on Tuesday, October 4th, 2005 at 8:11 pm and is filed under Market Recap, Stock Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.