10/6/08- Market Continues to Drop on More Bad Economic News

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

11/6/08 - Today the Dow closed at 8,695.79 down 443.48 while NASDAQ lost 72.94 to close at 1,608.70. The S&P 500 was down 47.89 to close at 904.88. The Ten Year Treasury Note closed at 102.47 up .09 pushing the yield up to 3.69%. Oil was down $4.53 per barrel to close at $650.77. The U.S. Dollar gained .02122 against the Euro so one Euro will buy US$1.27194. The market's decline was due to more bad unemployment news, namely that weekly jobless claims were worse than expected. Also retailers reported weak monthly same store sales. That's all from Atlanta.