GSE

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Daily Market Commentary for January 7, 2009 from

As a result, the GSE share of new mortgage business rose from 46 percent in the second quarter of 2007 to 84 percent in the second quarter of 2008. Without the GSEs to finance mortgages, it was very clear that mortgage finance would essentially dry up. ()

Economic data released today:

ADP Employment Report:
ADP sees December U.S. Private Sector Jobs down 693,000; ADP December U.S. Private Sector Jobs expected to be down 515,000.

Energy Information Administration (EIA) weekly petroleum inventories:
U.S. Refineries ran at 84.6% capacity versus capacity of 82.5% Week Ago; U.S. Distillate Stockpiles increased by 1.79 Million Barrels at 137.821 Million Barrels; U.S. Gasoline Stockpiles increased by 3.334 Million Barrels at 211.437 Million Barrels; U.S. Crude Oil Stockpiles increased by 6.682 Million Barrels at 325.419 Million Barrels; U.S. Gasoline Stockpiles increased by 3.3 Million Barrels in the week compared to expectations of an increase by 600,000 Million Barrels; U.S. Distillate Stockpiles increased by 1.8 Million Barrels in the week compared to expectations of an increase by 900,000 Million Barrels; U.S. Refineries Ran at 84.6% capacity compared to expectations of an increase by 0.3 points at 82.8%; U.S. Crude Oil Stockpiles increased by 6.7 Million Barrels in the week compared to expectations of an increase by 700,000 Million Barrels.

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 trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) triple digit loss of 245.40 points to end the trading session at 8,769.70
NYSE (New York Stock Exchange) triple digit loss of 169.79 points to end the trading session at 5,799.05
National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 53.32 points to end the trading session at 1,599.06
S&P 500 (SPX) loss of 28.05 points to end the trading session at 906.65
FTSE All-World Index data excluding U.S. (AW01UK) loss of 2.96 points to end the trading session at 152.55
FTSE RAFI 1000 triple digit loss of 111.22 points to end the trading session at 3,487.95
BEL 20 (BEL20) gained of 0.63 points to end the trading session at 1,997.91
CAC 40 (CAC40) loss of 50.13 points to end the trading session at 3,346.09
FTSE100 (UKX100) triple digit loss of 131.41 points to end the trading session at 4,507.51
NIKKEI 225 (NIK/O) triple digit gain of 158.40 points at the end the trading session at 9,239.24

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 631, declined stock prices 2,500, unchanged stock prices 71, stock prices hitting new highs 4 and stock prices hitting new lows 10. 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: Union Pacific Corporation (NYSE: UNP) stock price shed 4.25 points on the trading session, high on the trading session $53.77, low on the trading session $48.91, with a closing stock price at $49.76; Potash Corporation Saskatchewan (NYSE: POT) stock price shed 0.57 points on the trading session, high on the trading session $87.14, low on the trading session $82.02, with a closing stock price at $83.30; Monsanto Company (NYSE: MON) stock price gained 12.70 points on the trading session, high on the trading session $87.30, low on the trading session $79.25, with a closing stock price at $86.16; BP plc (NYSE: BP) stock price shed 1.55 points on the trading session, high on the trading session $48.23, low on the trading session $47.15, with a closing stock price at $47.50; Deere & Company (NYSE: DE) stock price shed 1.58 points on the trading session, high on the trading session $44.00, low on the trading session $41.89, with a closing stock price at $42.99.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 740, declined stock prices 2,086, unchanged stock prices 123, stock prices hitting new highs 9 and stock prices hitting new lows 14. 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: Microchip Technology Incorporated (NasdaqGS: MCHP) stock price shed 1.51 points on the trading session, high on the trading session $19.50, low on the trading session $18.34, with a closing stock price at $18.50; Standard Microsystems Corporation (NasdaqGS: SMSC) stock price shed 1.43 points on the trading session, high on the trading session $15.91, low on the trading session $14.35, with a closing stock price at $15.19; Team Incorporated (NasdaqGS: TISI) stock price gained 1.88 points on the trading session, high on the trading session $28.86, low on the trading session $25.84, with a closing stock price at $27.04; Baidu Incorporated (NasdaqGS: BIDU) stock price shed 8.77 points on the trading session, high on the trading session $132.16, low on the trading session $125.02, with a closing stock price at $126.96; Google Incorporated (NasdaqGS: GOOG) stock price shed 12.05 points on the trading session, high on the trading session $330.91, low on the trading session $318.75, with a closing stock price at $321.98.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 228, declined stock prices 354, unchanged stock prices 61, stock prices hitting new highs 2 and stock prices hitting new lows 5.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Mar 09: End of trading session price 905.25; Change for the trading session -25.50
E-mini NASDAQ-100 (NQ) Mar 09: End of trading session price 1,241.75; Change for the trading session -29.75
E-mini DOW $5 (YM) Mar 09: End of trading session price 8,756; Change for the trading session -205
E-mini S&P MidCap 400 (MF) Mar 09: End of trading session price 545.50; Change for the trading session -12.80
E-mini S&P Small Cap 600 (HS) Mar 09: End of trading session price 9,045; Change for the trading session -190

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7334 to U.S. Dollars 1.3635
Japanese Yen 92.640 to U.S. Dollars 0.0108
British Pound 0.6616 to U.S. Dollars 1.5114
Canadian Dollar 1.1944 to U.S. Dollars 0.8372
Swiss Franc 1.1011 to U.S. Dollars 0.9082

COMMODITY MARKETS:

Energy Sector - Nymex:
Light Crude (February 09) shed $1.18 on the trading session for a closing price of $47.40 per barrel ($US per barrel)
Heating Oil (February 09) shed $0.05 on the trading session for a closing price of $1.54 a gallon ($US per gallon)
Natural Gas (March 09) shed $0.09 on the trading session for a closing price of $6.00 per million BTU ($US per mmbtu.)
Unleaded Gas (February 09) shed $0.11 on the trading session for a closing price of $1.08 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (February 09) shed $24.30 on the trading session for a closing price of $841.70 ($US per Troy ounce)
Silver (March 09) shed $0.34 on the trading session for a closing price of $11.11 ($US per Troy ounce)
Platinum (April 09) gained $21.90 on the trading session for a closing price of $990.10 ($US per Troy ounce)
Copper (March 09) shed $0.07 on the trading session for a closing price of $1.51 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (February 09) shed 0.40 on the trading session for a closing price of 63.55
Pork Bellies (February 09) shed 1.85 on the trading session for a closing price of 85.90
Live Cattle (February 09) shed 2.78 on the trading session for a closing price of 85.78
Feeder Cattle (March 09) shed 2.70 on the trading session for a closing price of 93.28

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (March 09) shed 11.00 on the trading session for a closing price of 416.50
Soybeans (March 09) shed 29.00 on the trading session for a closing price of 990.00

BOND MARKET:
2 year Bond Closing price 100 432, change -3/32, Yield 0.81, Yield change +0.05
5 year Bond closing price of 99 8/32, change -3/32, Yield 1.65, Yield change +0.02
10 year Bond closing price 111, change +6/32, Yield 2.48, Yield change -0.02
30 year Bond closing price 128 10/32, change -1 4/32, Yield 3.03, Yield change +0.05

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