September 2008 Financial Asset Roundup

Here are my current financial assets as of the market close on September 12th, 2008:

Asset	August 2008	September 2008	Change
Checking	230	295	65
Money Market	21,463	21,306	-157
Savings Bonds	14,802	14,851	49
Treasury Bills	0	0	0
CDs	104,724	105,183	459
Brokerage	113,924	106,937	-6,987
401k	93,654	87,639	-6,015
Roth IRA	30,588	28,964	-1,624
SEP IRA	179,530	172,301	-7,229
529 Savings	37,657	36,951	-706
Credit Card 0% Balance Transfers	0	0	0
Total Assets	$596,572	$574,427	-$22,145 (3.71%)

The S&P 500 index has been testing the July lows (down 4.11% since my last update) and could be heading quite a bit lower based on the goings on with Lehman Brothers, Merrill Lynch, and AIG:

(chart courtesy of msn.com)

Oil prices continued to fall to below $96 per barrel this morning on news that hurricane Ike did less damage than expected to the Gulf Coast oil infrastructure. Could $75 oil be possible by the end of the year?

Moneywise, the only thing on my radar screen is what to do with the proceeds from the E-LOAN 5.75% APY 2 year CD I opened two years ago. If the FOMC holds rates steady when they meet tomorrow, we'll hopefully see the 5%+ CD offerings continuing for a while. Hard to say what they'll do though, since I think we've still got a way to go with the mess in the financial markets and additional rate cuts could be on the way. At any rate, it's certainly hard to believe that you could get 6% APY CDs at Penfed one year ago.