Monday, October 13, 2008

10/13/08- Dow Gains 936.42; the Most Since 1933

10/13/08 - Monday- Today the Dow gained 936.42 to close at 9,387.61 while the S&P 500 jumped 104.13 to close at 1,003.35. NASDAQ closed at 1,844.25 up 194.74. Oil gained 43.69 per barrel to close at 81.68. The Ten Year Treasury Note was down .91 at 100.97 for a 3.88% yield. The dollar lost .00369 against the Euro so one Euro buys $US 1.3599. Today's stunning gains were the result of bargain hunters figuring the bottom has been hit. The street showed confidence in international efforts to ease the credit crunch. That's it for today from Atlanta.