Warren Buffet Investments

[MTnews]

Daily Market Commentary for October 1, 2008 from

Warren Buffet invested $3 Billion in General Electric (NYSE: GE), actually appears as though he initiated his own rescue plan on GE and we saw slight gains on the stock. ()

Economic data released today:

ADP Employment Report:
ADP Sees September U.S. Private Sector Jobs lower by 8,000;
ADP September U.S. Private Sector Jobs expected to fall by 55,000.

Institute for Supply Management (ISM) Manufacturing Index:
U.S. ISM September Inventories Index came in at 43.4 versus August reading at 49.3; U.S. ISM September Production Index came in at 40.8 versus August reading at 52.1; U.S. ISM September New Orders Index came in at 38.8 versus August reading at 48.3; U.S. ISM September Employment Index came in at 41.8 versus August reading at 49.7; U.S. ISM September Prices Index came in at 53.5 versus August reading at 77.0; U.S. ISM September Manufacturing Business Index came in at 43.5 versus August reading at 49.9; U.S. ISM September Manufacturing Business Index expected to come in at 49.5; U.S. ISM September Manufacturing Business Index came in at 43.5.
Construction Spending:
July Construction Spending revised to a drop by 1.4 percent from a drop by 0.6 percent; U.S. Construction Spending unchanged in August as compared to consensus of a drop by 0.5 percent.

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) loss of 19.59 points on the day to end the trading session at 10,831.07
NYSE (New York Stock Exchange) loss of 12.85 points to end the trading session at 7,519.95
National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 22.48 points to end the trading session at 2,069.40
S&P 500 loss of 3.68 points to end the trading session at 1,161.06
FTSE All-World excluding U.S. gain of 0.08 points to end the trading session at 193.37
FTSE RAFI 1000 gain of 10.86 points to end the trading session at 4,644.67
BEL 20 (BEL20) gain of 44.28 points to end the trading session at 2,716.48
CAC 40 (CAC40) gain of 22.44 points to end the trading session at 4,054.54
FTSE100 (UKX100) gain of 57.14 points to end the trading session at 4,959.59
NIKKEI 225 (NIK/O) triple digit gain of 108.4 points to end the trading session at 11,368.26

New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 1,518; declined stock prices 1,694; unchanged stock prices 61; stock prices hitting new highs 11 and stock prices hitting new lows 197.
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: Bunge Limited (NYSE: BG) stock price shed 0.18 points on the trading session, high on the trading session $65.25, low on the trading session $62.39 with a closing stock price at $63.00; Petroleo Brasileiro (NYSE: PBR) stock price shed 0.47 points on the trading session, high on the trading session $43.48, low on the trading session $40.69 with a closing stock price at $43.48; Teck Cominco Limited (NYSE: TCK) stock price shed 2.69 points on the trading session, high on the trading session $28.02, low on the trading session $25.81 with a closing stock price at $26.43; Diebold Incorporated (NYSE: DBD) stock price gained 0.23 points on the trading session, high on the trading session $34.52, low on the trading session $32.71 with a closing stock price at $33.34; Pediatrix Medical Group Incorporated (NYSE: PDX) stock price shed 6.27 points on the trading session, high on the trading session $49.00, low on the trading session $44.46 with a closing stock price at $47.65; Hartford Financial Services (NYSE: HIG) stock price shed 2.39 points on the trading session, high on the trading session $40.01, low on the trading session $34.72 with a closing stock price at $38.60; MetLife Incorporated (NYSE: MET) stock price shed 6.14 points on the trading session, high on the trading session $54.22, low on the trading session $46.07 with a closing stock price at $49.85; Bank of America Corporation (NYSE: BAC) stock price gained 3.13 points on the trading session, high on the trading session $38.50, low on the trading session $34.22 with a closing stock price at $38.13; Consol Energy Incorporated (NYSE: CNX) stock price shed 4.14 points on the trading session, high on the trading session $44.95, low on the trading session $39.61 with a closing stock price at $41.75.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 1,052; declined stock prices 1,840; unchanged stock prices 114; stock prices hitting new highs 7; stock prices hitting new lows 155.
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: Bucyrus International Incorporated (NasdaqGS: BUCY) stock price shed 2.82 points on the trading session, high on the trading session $44.50, low on the trading session $40.58 with a closing stock price at $41.85; Fastenal Company (NasdaqGS: FAST) stock price shed 3.04 points on the trading session, high on the trading session $49.29, low on the trading session $45.06 with a closing stock price at $46.34; Xyratex Limited (NasdaqGS: XRTX) stock price shed 1.10 points on the trading session, high on the trading session $10.42, low on the trading session $9.90 with a closing stock price at $10.02; Energy Conversion Devices Incorporated (NasdaqGS: ENER) stock price gained 3.60 points on the trading session, high on the trading session $62.89, low on the trading session $56.60 with a closing stock price at $61.85; First Solar Incorporated (NasdaqGS: FSLR) stock price gained 9.59 points on the trading session, high on the trading session $202.93, low on the trading session $188.66 with a closing stock price at $198.50; Google Incorporated (NasdaqGS: GOOG) stock price gained 11.48 points on the trading session, high on the trading session $416.98, low on the trading session $403.10 with a closing stock price at $412.00.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 517; declined stock prices 661; unchanged stock prices 67; stock prices hitting new highs 8; stock prices hitting new lows 115.

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 1,167.50 change -1.50
E-mini NASDAQ-100 (NQ) end of day price 1,577.00, change -27.50
E-mini S&P SmallCap 600 (SMP) end of day price 360.40, change -1.20
$5 DJIA (YM) end of day price 10,874 change 13

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7136 to U.S. Dollars 1.4014
Japanese Yen 105.89 to U.S. Dollars 0.0094
British Pound 0.5647 to U.S. Dollars 1.7707
Canadian Dollar 1.605 to U.S. Dollars 0.9430
Swiss Franc 1.1252 to U.S. Dollars 0.8887

Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $2.11 on the day for a closing price of $98.53 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.05 on the day for a closing price of $2.85 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) gained $0.29 on the day for a closing price of $7.73 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) shed $0.10 on the day for a closing price of $2.36 a gallon ($US per gallon)

Metals Markets:
Gold Market Price (COMEX: CMX) gained $6.50 on the day for a closing price of $887.30 ($US per Troy ounce)
Silver (COMEX: CMX) gained $0.50 on the day for a closing price of $12.77 ($US per Troy ounce)
Platinum (NYMEX: NYM) gained $14.60 on the day for a closing price of $1,043.10 ($US per Troy ounce)
Copper (COMEX: CMX) shed $0.09 on the day for a closing price of $2.73 ($US per pound)

Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) shed 0.85 on the day for a closing price of 67.73
Pork Bellies (Chicago Mercantile Exchange: CME) shed 1.60 on the day for a closing price of 92.15
Live Cattle (Chicago Mercantile Exchange: CME) gained 0.10 on the day for a closing price of 100.48
Feeder Cattle (Chicago Mercantile Exchange: CME) shed 1.13 on the day for a closing price of 103.60

Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) shed 3.50 on the day for a closing price of 484.00
Soybeans (Chicago Board of Trade: CBT) gained 8.00 on the day for a closing price of 1,056.00

Bond Market:
2 year bond gained 7/32 on the day for a closing price of 100 9/32 with a Yield of 1.84, Yield Change -0.12
5 year bond gained 14/32 on the day for a closing price of 101 4/32 with a Yield of 2.88, Yield Change -0.08
10 year bond gained 21/32 on the day for a closing price of 102 3/32 with a Yield of 3.74, Yield Change -0.08
30 year bond gained 1 20/32 on the day for a closing price of 104 25/32 with a Yield of 4.21, Yield Change -0.10

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