11/11/08-Analysts Cut Earnings So Market Falls Again

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

11/11/08 - Today the Dow closed at 8,693.96 down 176.58 while NASDAQ lost 35.84 to close at 1,580.90. The S&P 500 was down 20.26 to close at 898.95. The Ten Year Treasury Note closed at 101.97 up .22 pushing the yield down to 3.75%. Oil was down 3.08 per barrel to close at $59.33. The bond market was closed for Veteran's Day so one Euro will buy US$1.25298, same as yesterday. The market's decline was due to more bad economic news as analysts slashed earnings estimates for several companies including GOOGLE. That's all from Atlanta.