What the Dow taketh away, the Dow giveth back, a bit. The industrial average closed up almost 900 points today. The market likes the sound of an interest rate cut.
Funny thing. My single largest stock holding is in a financial company that managed to close down 6 percent when the industrial average rose 10 percent. I think this may be a bad sign. You think?
In that vein, Dillard's finished the day up 2 cents at $4.54. Better than down, as I had originally reported.