9/24/08 - Market is Mixed on Buffet's Goldman Bailout and Housing Sales Fall

9/24/08- The Dow slipped 29 to close at 10,825.17 while NASDAQ was up 2.35 to close at 2,155.68. The S&P 500 was down 2.35 to close at 1,185.87. Oil was down .88 per barrel to close at 105.73. The Ten Year Treasury Note was up. 28 bringing the yield down to 3.77%. The dollar gained against the Euro .003 so that one Euro buys $US 1.46306. The market reacted positively to Warren Buffet's willingness to invest $5 billion in Goldman Sachs which will mean real money when added to the $5 billion that Goldman intends to raise in a public offering. Bad news came in the form of the release of housing statistics that shows recent home sales falling 2.2% instead of the expected 1.2%. That's it from Atlanta for today.