11/21/08- Market Rises on Treasury Pick

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

11/21/08 - Today the Dow closed at 8,046.42 up 494.13 but down for the week by 897.39 while NASDAQ gained 68.23 to close at 1,384.35 down for the week by 263.05. The S&P 500 was up 47.59 to close at 800.03 down for the week by 130.72. The Ten Year Treasury Note closed at 104.94 down $1.72 pushing the yield to 3.21%. For the week the Ten Year Treasury Note was up $3.10 and the yield was down .56%. Oil was up $.51 per barrel to close at $49.93 which was a decrease of $11.11 per barrel for the week. The U.S. Dollar lost .01223 against the Euro so one Euro will buy US$1.25818. For the week, the Dollar gained .01685 against the Euro. The market's rally was the result of the market's positive reaction to the selection of Tim Geitner as Secretary of the Treasury and buyers not being able to resist some of the bargains. Have a great weekend, that's it from Atlanta.