Monetary Policy

[MTnews]

Daily Market Commentary for November 13, 2008 from

Fed actions contributed to 'too-big-to-fail' problem; 'too-big-to-fail' a big problem for officials; ()

Economic data released today:

International Trade:
US Sep Trade Deficit $56.47B; Consensus Deficit $57.30B
Aug Trade Bal Revised To Deficit $59.08B From Deficit $59.14B
Sep Exports $155.40B, -6.0%; Imports $211.87B, -5.6%

Jobless Claims:
US Jobless Claims +32K To 516K In Nov 8 Wk; Survey +4K
US Nov 1 Week Continuing Claims +65K to 3,897,000
US Nov 1 Week Jobless Claims Revised To 484K From 481K
US Jobless Claims Highest Since Sep 2001
US Continuing Claims Highest Since Jan 1983

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the session on the world market as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) triple digit gain of 552.59 points on the day to end the trading session at 8,835.25
NYSE (New York Stock Exchange) triple digit gain of 395.09 points to end the trading session at 5,715.79
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 97.49 points to end the trading session at 1,596.71
S&P 500 gain of 58.99 points to end the trading session at 911.29
FTSE All-World excluding U.S. gain of 3.85 points to end the trading session at 144.60
FTSE RAFI 1000 triple digit gain of 185.99 points to end the trading session at 3,449.16
BEL 20 (BEL20) gain of 5.36 points to end the trading session at 2,062.82
CAC 40 (CAC40) gain of 35.50 points to end the trading session at 3,296.46
FTSE100 (UKX100) loss of 12.81 points to end the trading session at 4,169.21
NIKKEI 225 (NIK/O) triple digit loss of 456.87 points to end the trading session at 8,238.64

New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 2,319, declined stock prices 885; unchanged stock prices 70; stock prices hitting new highs 6 and stock prices hitting new lows 591. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: Fluor Corporation (NYSE: FLR) stock price gained 3.13 points on the trading session, high on the trading session $38.05, low on the trading session $32.80 with a closing stock price at $38.02; WellCare Health Plans Incorporated (NYSE: WCG) stock price shed 10.87 points on the trading session, high on the trading session $11.67, low on the trading session $6.12 with a closing stock price at $9.00; Boston Properties Incorporated (NYSE: BXP) stock price gained 3.06 points on the trading session, high on the trading session $59.47, low on the trading session $51.14 with a closing stock price at $57.07; American Express Company (NYSE: AXP) stock price gained 0.73 points on the trading session, high on the trading session $21.64, low on the trading session $16.55 with a closing stock price at $20.78; L-3 Communications Holdings (NYSE: LLL) stock price shed 0.51 points on the trading session, high on the trading session $72.30, low on the trading session $65.70 with a closing stock price at $71.08; Prudential Financial Incorporated (NYSE: PRU) stock price shed 1.40 points on the trading session, high on the trading session $27.12, low on the trading session $20.14 with a closing stock price at $25.14; Affiliated Managers Group Incorporated (NYSE: AMG) stock price shed 2.64 points on the trading session, high on the trading session $34.00, low on the trading session $27.00 with a closing stock price at $31.52; Ultrashort Financial ProShares Corporation (NYSE: SKF) stock price shed 25.33 points on the trading session, high on the trading session $195.51, low on the trading session $147.12 with a closing stock price at $148.60; Proshares Ultrashort (NYSE: EEV) stock price shed 28.74 points on the trading session, high on the trading session $112.93, low on the trading session $75.24 with a closing stock price at $77.45; Goldman Sachs Group Incorporated (NYSE: GS) stock price gained 3.20 points on the trading session, high on the trading session $70.40, low on the trading session $61.02 with a closing stock price at $69.99; CME Group Incorporated (NYSE: CME) stock price shed 0.02 points on the trading session, high on the trading session $229.99, low on the trading session $197.18 with a closing stock price at $225.20.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 2,049; declined stock prices 856; unchanged stock prices 109; stock prices hitting new highs 7; stock prices hitting new lows 720. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: AMAG Pharmaceuticals Incorporated (NasdaqGS: AMAG) stock price gained 18.79 points on the trading session, high on the trading session $37.48, low on the trading session $29.67 with a closing stock price at $37.16; Applied Materials Incorporated (NasdaqGS: AMAT) stock price gained 1.40 points on the trading session, high on the trading session $11.37; low on the trading session $9.91 with a closing stock price at $11.35; Tetra Tech Incorporated (NasdaqGS: TTEK) stock price gained 1.48 points on the trading session, high on the trading session $18.03: low on the trading session $14.61 with a closing stock price at $18.03; Green Mountain Coffee Roasters Incorporated (NasdaqGS: GMCR) stock price gained 6.34 points on the trading session, high on the trading session $32.30; low on the trading session $27.04 with a closing stock price at $31.94; Baidu.com Incorporated (NasdaqGS: BIDU) stock price gained 6.05 points on the trading session, high on the trading session $190.00; low on the trading session $162.00 with a closing stock price at $189.04; Google Incorporated (NasdaqGS: GOOG) stock price gained 19.81 points on the trading session, high on the trading session $313.00; low on the trading session $280.00 with a closing stock price at $310.81.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 401; declined stock prices 433; unchanged stock prices 77; stock prices hitting new highs 3 and stock prices hitting new lows 107.

Chicago Board of Trade Futures Market activity for the day, at time of this posting for December 2008 Contracts:
E-mini S&P 500 (ES) end of day price 906.25 change -1.50
E-mini NASDAQ-100 (NQ) end of day price 1,236.50 change 2.00
E-mini S&P SmallCap 600 (SMP) end of day price 261.30 change -0.70
$5 DJIA (YM) end of day price 8,800 change -30

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7816 to U.S. Dollars 1.2794
Japanese Yen 97.650 to U.S. Dollars 0.0102
British Pound 0.6731 to U.S. Dollars 1.4856
Canadian Dollar 1.2131 to U.S. Dollars 0.8243
Swiss Franc 1.1864 to U.S. Dollars 0.8429

Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) gained $2.08 on the day for a closing price of $58.24 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) gained $0.04 on the day for a closing price of $1.90 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) shed $0.08 on the day for a closing price of $6.48 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) gained $0.05 on the day for a closing price of $1.30 a gallon ($US per gallon)

Metals Markets:
Gold Market Price (COMEX: CMX) shed $13.30 on the day for a closing price of $705.00 ($US per Troy ounce)
Silver (COMEX: CMX) shed $0.68 on the day for a closing price of $8.80 ($US per Troy ounce)
Platinum (NYMEX: NYM) shed $12.10 on the day for a closing price of $813.00 ($US per Troy ounce)
Copper (COMEX: CMX) gained $0.03 on the day for a closing price of $1.62 ($US per pound)

Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) gained 0.48 on the day for a closing price of 63.20
Pork Bellies (Chicago Mercantile Exchange: CME) gained 0.30 on the day for a closing price of 85.25
Live Cattle (Chicago Mercantile Exchange: CME) no change on the day for a closing price of 91.73
Feeder Cattle (Chicago Mercantile Exchange: CME) gained 0.15 on the day for a closing price of 96.40

Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) gained 7.50 on the day for a closing price of 377.00
Soybeans (Chicago Board of Trade: CBT) shed 1.00 on the day for a closing price of 892.50

Bond Market:
2 year bond shed 6/32 on the day for a closing price of 100 15/32 with a Yield of 1.24, Yield Change 0.08
5 year bond shed 14/32 on the day for a closing price of 101 13/32 with a Yield of 2.44, Yield Change 0.09
10 year bond no change on the day for a closing price of 98 30/32 with a Yield of 3.87, Yield Change 0.22
30 year bond shed 3 1/32 on the day for a closing price of 102 16/32 with a Yield of 4.34, Yield Change 0.17

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