Thursday, November 13, 2008

11/13/08- Stocks Jump as Buyers Can't Resist Bargains

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

11/13/08 - Today the Dow closed at 8,835.25 up 552.29 while NASDAQ gained 97.49 to close at 1,596.70. The S&P 500 was up 58.99 to close at 911.29. The Ten Year Treasury Note closed at 98.88 down .84 pushing the yield to 3.88. Oil was up $2.03 per barrel to close at $59.06. The U.S. Dollar lost .03220 against the Euro so one Euro will buy US$1.27730. The market's rally was the result of bargain hunters buying up cheap shares. That's it from Atlanta.