9/15/08- Market Free Falls on Financial Sector Woes

The Dow fell 504.48 today to close at 10,917,51; NASDAQ fell 81.36 to close at 2,179.91 and the S&P 500 almost reached its 52 week low which was 1200.44 at 7/15 by dripping 58.74 to close at 1,198.96. Oil dropped 5.56 per barrel to close at 95.69; while the 10 yr. treasury note rose 2.31 to close at 104.59 to drive the yield down to 3.44%. The dollar lost .00041 against the Euro so that one Euro buys $US 1.43123. Today's horrible day was caused by the financial sector's problems headed by Lehman's Chapter XI filing (their broker-dealer subs. did not file). That's it from Atlanta.