This is the market summary for Jun 16, 2006: Dow, NASDAQ, gold, J-Crew:

• News

• Dow closed down only 0.54 from yesterday, showing a bit of a late-day rally.
• The NASDAQ belied that, going down by 14.20
• Gold showed some gains.

• Stocks to watch

• J-Crew, the preppy retailer, is getting ready to go public. Mickey Drexler, who made the Gap huge is doing the same thing with J-Crew, which may be offering their IPO in as little as two weeks. CNBC TV’s Power Lunch suggests that it may be the hottest IPO in the retail industry this year. Drexler will be taking around 22% of the ownership.

DISCLAIMER: I do not own shares in any of the companies listed, unless otherwise noted. The suggestions above may not be considered investment advice, and I am not responsible for your purchases or sales. You trade at your own risk. If you disagree, please visit elsewhere.

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