11/14/08- Market Falls on Skepticism of Paulson's Plan

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

11/14/08 - Today the Dow closed at 8,497.31 down 337.94 and down for the week by 446.50 while NASDAQ shed 79.85 to close at 1,516.85 down for the week by 130.55. The S&P 500 was down 38 to close at 873.29 down for the week by 57.46. The Ten Year Treasury Note closed at 100.34 up 1.31 pushing the yield down to 3.70 - for the week the Note was down 1.47 and the yield was down .07%. Oil was down $1.46 per barrel to close at $61.04 which was a decrease of $3.44 per barrel for the week. The U.S. Dollar gained .01456 against the Euro so one Euro will buy US$1.27502. For the week, the Dollar gained .01032 against the Euro. The market's decline was the result of the the market's mistrust of Treasury Secretary's zig zag on TARP and his announcement today that the markets have stabilized. The market's volatility says, "I don't think so!" Have a great weekend, that's it from Atlanta.