10/31/08- Market Continues to Rise as Buyers Seek Bargains

THE FOLLOWING IS PUBLISHED BY INTELLIVEST SECURITIES RESEARCH, INC., RIA, AND IS NOT INTENDED AS ADVERTISING BY A BROKER-DEALER

10/31/08 - Today the Dow closed at 9,325.01 up 144.32 while NASDAQ gained 22.43 to close at 1,720.95. The S&P 500 was up 14.66 to close at 968.75. The Ten Year Treasury Note closed at 100.25 up .03 pushing the yield to 3.96%. Oil was up $1.85 per barrel to close at $67.81. The U.S. Dollars gained .00985 against the Euro so one Euro will buy US$1.27616. The market's rally was the result of continued optimism that maybe the street has seen the worst and the market has bottomed. Have a safe Halloween, Boo! from Atlanta.

10/30/08- Market Gains on Better Than Expected Economic News

THE FOLLOWING IS PUBLISHED BY INTELLIVEST SECURITIES RESEARCH, INC., RIA, AND IS NOT INTENDED AS ADVERTISING BY A BROKER-DEALER

10/30/08 - Today the Dow closed at 9,180.69 up 189.73 while NASDAQ gained 41.31 to close at 1,698.52. The S&P 500 was up 24 to close at 954.09. The Ten Year Treasury Note closed at 100.34 down .81 pushing the yield up to 3.95%. Oil was down $1.54 per barrel to close at $65.96. The U.S. Dollars gained .00185 against the Euro so one Euro will buy US$1.29601. The market's rally was the result of better than expected economic news in addition to the central bank's loosening of the credit market. That's all from Atlanta.

10/29/08Dow Falls on Concerns of GE '09 Revenues

THE FOLLOWING IS PUBLISHED BY INTELLIVEST SECURITIES RESEARCH, INC., RIA, AND IS NOT INTENDED AS ADVERTISING BY A BROKER-DEALER

10/29/08 - Today the Dow closed at 8,990.96 down 74.16 while NASDAQ gained 7.74 to close at 1,657.21. The S&P 500 was down 10.42 to close at 930.09. The Ten Year Treasury Note closed at 101.16 down .63 pushing the yield up to 3.85%. Oil was up $4.77 per barrel to close at $67.50. The U.S. Dollars gained .00235 against the Euro so one Euro will buy US$1.29551. The market's rally was cut short by headlines regarding GE's announcement that they would try to keep profits for '09 the same as for '08 which implied cost cutting. That's all from Atlanta.

10/14/08- Market Slips Again

10/14/08-Tuesday: The Dow was down today 76.62 to close at 9,310.99 while the S&P 500 lost 5.34 to close at 998.01. NASDAQ was down 65.24 to close at 1,779.01. Oil dropped $2.88 per barrel to close at $78.80 while the Ten Year Treasury Note was down 1.53 to close at 99.44 pushing the yield to 4.07%. The dollar lost .00557 against the Euro so that one Euro will buy $US 1.36575. The market is still uncertain about whether the international steps to shore up worldwide credit markets will have the desired effects. That's it for today from Atlanta.

10/13/08- Dow Gains 936.42; the Most Since 1933

10/13/08 - Monday- Today the Dow gained 936.42 to close at 9,387.61 while the S&P 500 jumped 104.13 to close at 1,003.35. NASDAQ closed at 1,844.25 up 194.74. Oil gained 43.69 per barrel to close at 81.68. The Ten Year Treasury Note was down .91 at 100.97 for a 3.88% yield. The dollar lost .00369 against the Euro so one Euro buys $US 1.3599. Today's stunning gains were the result of bargain hunters figuring the bottom has been hit. The street showed confidence in international efforts to ease the credit crunch. That's it for today from Atlanta.

10/10/08- Dow Continues Its Fall; Down by 128

10/10/08- The Dow fell another 128 points today to close at 8,451.19 while the S&P 500 lost 10.70 to close at 899.22. The NASDAQ gained 4.39 to close at 1,649.51. Oil dropped $8.63 per barrel to close at $77.99 per barrel. The Ten Year Treasury Note lost .91 to close at 100.97 pushing the yield up to 3.88%. The dollar gained .02004 against the Euro so one Euro will buy$US 1.33976. The markets have dropped significantly since last Friday when the Dow closed at 10,325 a loss of 1,874. The S&P 500 lost 200 since last Friday and NASDAQ lost 267. Oil went from 93.88 to 77.99 in a week's time, a lost of $15.89 per barrel. The Ten Year Treasury went from 103.19 down to 100.97. The dollar gained .04088 against the Euro this past week. That's it from Atlanta for the week.

10/9/08-Panic on Wall Street as Dow Hits 5 Year Low

10/9/08-The Dow plunged 678.91 today to close below 9,000 at 8,579.13; the S&P 500 hit its low for the year dropping 75.02 to close below 1,000 at 909.92, down 35% year to date. NASDAQ closed at 1,645.12 down 95.21. The Ten Year Treasury Note was down $1.19 to close at $101.78 pushing the yield to 3.77%. Oil was down $1.81 to close at $86.62 per barrel. The U.S. Dollar gained .00297 against the Euro so one Euro will buy $US1.36092. Due to slumping auto sales worldwide Standard & Poors placed General Motors (GM 5.26, -1.65) on CreditWatch Negative. As credit markets seize and the economic crisis worsens investors have little confidence that the Fed Reserve's efforts to cut interest rates and the bailout measures will solve this unprecedented global, technologically interwoven, highly leveraged financial deconstruction. That's it for today.

10/8/08- Market Continues its Plunge on Global Economic Worries

10/8/08- Yet again the Dow plunged today, this time losing 189.01 to close at 9,258.10 while the S&P 500 lost 11.29 to close at 984.94. NASDAQ lost 14.55 to close at 1740.33. The Ten Year U.S. Treasury Note was down $1.38 to close at 102.72 pushing the yield up to 3.669%. Oil was down .28 per barrel to close at 88.43 per barrel. The dollar lost against the Euro .00336 so one Euro will buy $US 1.36743. Today's decline was due to the turmoil in the global markets even though the Feds cut interest rates so that the fed funds rate is now 1.50% while the discount rate is 1.75%. Large retailers reported a decline in September same-store sales and several cut third quarter earnings outlook. The uncertainty as to whether the market has bottomed will continue into tomorrow's trading. That's it for today from Atlanta.

10/7/08- S&P Suffers 5th Down Day in a Row; Dow Plunges 508

10/7/08- The Dow fell 508.39 today to close at 9,447.11 while the S&P 500 plunged 60.66 to close at 996.23. NASDAQ lost 108.08 to close at 1754.88. Oil rose $2.25 per barrel to cose at $90.06 per barrel. The Ten Year Treasury Note was down .22 to close at 104.25 pushing the yield up to 3.49%. The dollar lost .01322 against the Euro so one Euro will buy $US 1.36184. Today's disastrous day resulted from Chairman Bernanke's remarks concerning increased economic risks and Bank of America announcing worse than expected earnings and a dividend cut. The market is now in uncharted territory and no one can say with certainty what will happen tomorrow including this observer. That's it from Atlanta for today.

10/6/08-Dow Plunges on Global Fears

10/6/08 - At one point today, the Dow was down close to 800 points but came back somewhat and closed at 9,955.50 down 369.88 while NASDAQ was down 84.43 to close at 1,862.96. The S&P 500 dropped 42.34 to close at 1,056.89. Oil was down $6.07 per barrel to close at $87.81 per barrel. The Ten Year Treasury Note was up $1.22 to close at $104.44 driving the yield down to 3.46%. The dollar gained .01331 against the Euro so one Euro will buy $US 1.35300. Today's big decline is the result of tight credit markets, overseas concerns about economic slowdown, and doubts about whether the U.S. bailout plan will work. That's it for today from Atlanta.

10/3/08-Market Declines Again Due to Financial Sector Worries

10/3/08- The Dow lost 157.47 today to close at 10,325.38; NASDAQ lost 29.33 to close at 1,947.39 while the S&P 500 was down 15.05 to close at 1,099.23. Oil continued to drop losing .09 per barrel to close at 93.88 per barrel. the Ten Year Treasury Note continues to climb, it rose .19 to pushing the yield down to 3.60%. The Dollar gained again against the Euro by .00134 so one Euro will buy $US 1.38064. Today's losses would have been worse but for the fact that the House passed and the President signed the revised $700 billion bailout bill. The bad news pushing the market down was September nonfarm payroll fell 159,000 worse than expected and unemployment remains at 6.1%. Also, Citigroup will challenge the deal struck between Wells Fargo and Wachovia that would replace Citigroup with Wells Fargo as Wachovia's acquirer. This was one of the worst weeks in the market's history, the Dow fell 818, NASDAQ fell 236 and the S&P 500 fell 114. The only positives were that oil fell for the week $13.01 per barrel and the US Dollar gained against the Euro by .8135. As would be expected, the Ten Year Treasury Note gained during the week by $1.97 pushing the yield down .24%. That's it from Atlanta for this week.

10/2/08- Market Plunges on Economy Fears

10/2/08- The Dow plunged 348.22 points today to close at 10,482.85; the S&P 500 lost 46.78 to close at 1,114.28 and NASDAQ closed at 1,976.72 down 92.68. The Ten Year Treasury Note gained .91 to close at 103 driving the yield down to 3.63%. Oil lost $4.56 per barrel to close at $93.97. The dollar gained .02265 against the Euro so that one Euro will buy $US1.38007. Today's bad day was the result of bad economic news - weekly jobless claim rose more than expected while August factory orders declined worse than expected. There is still concern that the bailout legislation will not pass the House even though the Senate approved it. That's it for today from Atlanta.

10/1/08-Market Dips Modestly on Hopes Senate will Pass Bailout Plan Tonight

10/1/08- The Dow lost 19.59 today to close at 10,831.07 while NASDAQ lost 22.48 to close at 2,069.40. The S&P 500 was down 3.65 to close at 1,161.09. Oil fell $2.11 per barrel to close at 98.53. The Ten Year Treasury Note was up .66 to close at $102.09 to drive the yield down to 3.74%. The dollar gained .01169 against the Euro so one Euro will buy $US 1.40154. Today's flat performance was due to the belief that the Senate will pass a revised version of the bailout plan that was rejected last week. Also, private employment fell by 8,000 in September which was less than expected. The market was bolstered by GE selling a chunk of its stock to Berkshire Hathaway. That's it for today from Atlanta.