11/19/08- Market Freefalls on Fed's Bad News

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

11/19/08 - Today the Dow closed below 8,000 at 7,997.28 down 427.47 while NASDAQ lost 96.85 to close at 1,386.42. The S&P 500 was down 52.54 to close at 806.58. The Ten Year Treasury Note closed at 103.28 up 1.50 pushing the yield down to 3.35. Oil was down $.66 per barrel to close at $54.10. The U.S. Dollar gained .01172 against the Euro so one Euro will buy US$1.25251. The market's decline was due to more bad news regarding a record low of housing starts and building permits for October. Also the Fed lowered its economic forecast for '08 through '10. That's all for today from Atlanta.