November 2008 Financial Asset Roundup
|Asset||Oct 2008||Nov 2008||Change|
The S&P 500 index has continued to be pretty volatile over the past month, but at least it's in positive territory over the past month (up 2.22%):
(chart courtesy of msn.com)
Although we've had the excitement of an election over the past few weeks and have decided on our next President, the economic news doesn't seem to be getting any better. One bright note is that oil has continued to fall to below $60 per barrel, with gasoline prices below $2 per gallon in some regions of the USA. But on the other hand, we've got an abundance of lovely stuff like a second bailout for AIG, the American automobile industry on the verge of collapse, and a mortgage workout program announced by Citigroup targeting 500,000 borrowers (I'm guessing that I won't qualify).
Moneywise, I've continued to stay the course. In anticipating of my soon to mature E-Loan 3.61% APY 6 month CD, I did stick some cash in a E-Loan 4.36% APY 12 month CD prior to the FOMC meeting on October 28-29. Other than that, I'm hoping to continue to be gainfully employed and will keep cranking away with disciplined spending and savings habits.