Friday, October 31, 2008

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.