Economic Depression

Daily Market Commentary for September 17, 2008 from Millennium-Traders.Com

The economy is falling apart and the Federal Government needs to step up the pace to bail out the economic situation in this country before its too late. (read more)

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 loss of 448.22 points on the day to end the trading session at 10,610.80
NYSE (New York Stock Exchange) triple digit loss of 352.74 points to end the trading session at 7,440.36
NASDAQ triple digit loss of 109.05 points to end the trading session at 2,098.85
S&P 500 loss of 57.21 points to end the trading session at 1,156.39
FTSE All-World excluding U.S. loss of 5.10 points to end the trading session at 194.73
FTSE RAFI 1000 triple digit loss of 247.56 points to end the trading session at 4,560.79
BEL 20 (BEL20) loss of 89.97 points to end the trading session at 2,788.95
CAC 40 (CAC40) loss of 87.29 points to end the trading session at 4,000.11
FTSE100 (UKX100) triple digit loss of 113.2 points to end the trading session at 4,912.40
NIKKEI 225 (NIK/O) triple digit gain of 140.07 points to end the trading session at 11,749.79

New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 239; declined stock prices 3,047; unchanged stock prices 27; stock prices hitting new highs 14 and stock prices hitting new lows 1,087.
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: UBS AG (NYSE: UBS) stock price shed 2.41 points on the trading session, high on the trading session $15.20, low on the trading session $12.22 with a closing stock price at $13.14; United States Steel Corporation (NYSE: X) stock price shed 10.87 points on the trading session, high on the trading session $98.00, low on the trading session $86.25 with a closing stock price at $90.20; Cleveland-Cliffs Incorporated (NYSE: CLF) stock price shed 10.58 points on the trading session, high on the trading session $74.58, low on the trading session $63.80 with a closing stock price at $64.75; State Street Corporation (NYSE: STT) stock price shed 6.95 points on the trading session, high on the trading session $70.49, low on the trading session $63.12 with a closing stock price at $64.80; Consol Energy Incorporated (NYSE: CNX) stock price shed 0.68 points on the trading session, high on the trading session $55.32, low on the trading session $48.24 with a closing stock price at $52.01; Potash Corporation Saskatchewan (NYSE: POT) stock price shed 2.82 points on the trading session, high on the trading session $168.88, low on the trading session $150.55 with a closing stock price at $160.33; Devon Energy Corporation (NYSE: DVN) stock price shed 0.49 points on the trading session, high on the trading session $98.64, low on the trading session $90.77 with a closing stock price at $93.85; CME Group Incorporated (NYSE: CME) stock price shed 23.72 points on the trading session, high on the trading session $339.00, low on the trading session $317.29 with a closing stock price at $320.54; Walter Industries Incorporated (NYSE: WLT) stock price shed 2.43 points on the trading session, high on the trading session $64.42, low on the trading session $56.28 with a closing stock price at $58.36; American International Group Incorporated (NYSE: AIG) stock price shed 1.72 points on the trading session, high on the trading session $3.10, low on the trading session $1.99 with a closing stock price at $2.03; Ultrashort Financial Corporation (NYSE: SKF) stock price gained 18.63 points on the trading session, high on the trading session $141.10, low on the trading session $124.18 with a closing stock price at $136.65; Morgan Stanley (NYSE: MS) stock price shed 6.95 points on the trading session, high on the trading session $26.12, low on the trading session $16.08 with a closing stock price at $21.75; Goldman Sachs Group Incorporated (NYSE: GS) stock price shed 18.51 points on the trading session, high on the trading session $126.60, low on the trading session $97.78 with a closing stock price at $114.50; Constellation Energy Group Incorporated (NYSE: CEG) stock price shed 5.99 points on the trading session, high on the trading session $38.77, low on the trading session $16.60 with a closing stock price at $24.77.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 455; declined stock prices 2,522; unchanged stock prices 77; stock prices hitting new highs 9; stock prices hitting new lows 403.
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: Gilead Sciences Incorporated (NasdaqGS: GILD) stock price shed 1.40 points on the trading session, high on the trading session $49.51, low on the trading session $46.93 with a closing stock price at $48.42; Central European Distribution (NasdaqGS: CEDC) stock price shed 10.25 points on the trading session, high on the trading session $46.76, low on the trading session $28.95 with a closing stock price at $36.76; Northern Trust Corporation (NasdaqGS: NTRS) stock price shed 9.20 points on the trading session, high on the trading session $79.74, low on the trading session $70.10 with a closing stock price at $71.14; Baidu.com Incorporated (NasdaqGS: BIDU) stock price shed 11.49 points on the trading session, high on the trading session $270.00, low on the trading session $247.70 with a closing stock price at $255.00; Google Incorporated (NasdaqGS: GOOG) stock price shed 28.42 points on the trading session, high on the trading session $439.14, low on the trading session $413.44 with a closing stock price at $414.51; First Solar Incorporated (NasdaqGS: FSLR) stock price shed 1.65 points on the trading session, high on the trading session $219.91, low on the trading session $200.11 with a closing stock price at $213.00.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 302; declined stock prices 1,012; unchanged stock prices 61; stock prices hitting new highs 18; stock prices hitting new lows 376.

Chicago Board of Trade Futures Market activity for the day, at time of this posting for September 2008 Contracts:
E-mini S&P 500 (ES) end of day price 1,160.25 change -53.75
E-mini NASDAQ-100 (NQ) end of day price 1,641.00, change -54.50
E-mini S&P SmallCap 600 (SMP) end of day price 361.60, change -17.50
$5 DJIA (YM) end of day price 10,684 change -368

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6972 to U.S. Dollars 1.4343
Japanese Yen 104.740 to U.S. Dollars 0.0095
British Pound 0.5487 to U.S. Dollars 1.8224
Canadian Dollar 1.0687 to U.S. Dollars 0.9357
Swiss Franc 1.1014 to U.S. Dollars 0.9079

Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) gained $6.01 on the day for a closing price of $97.16 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) gained $0.10 on the day for a closing price of $2.84 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) gained $0.64 on the day for a closing price of $8.20 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) gained $0.06 on the day for a closing price of $2.46 a gallon ($US per gallon)

Metals Markets:
Gold Market Price (COMEX: CMX) gained $70.00 on the day for a closing price of $850.50 ($US per Troy ounce)
Silver (COMEX: CMX) gained $1.16 on the day for a closing price of $11.68 ($US per Troy ounce)
Platinum (NYMEX: NYM) gained $17.80 on the day for a closing price of $1,086.30 ($US per Troy ounce)
Copper (COMEX: CMX) shed $0.05 on the day for a closing price of $3.04 ($US per pound)

Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) gained 0.80 on the day for a closing price of 68.28
Pork Bellies (Chicago Mercantile Exchange: CME) shed 0.03 on the day for a closing price of 90.10
Live Cattle (Chicago Mercantile Exchange: CME) shed 0.58 on the day for a closing price of 104.05
Feeder Cattle (Chicago Mercantile Exchange: CME) shed 1.73 on the day for a closing price of 105.88

Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) gained 21.75 on the day for a closing price of 554.00
Soybeans (Chicago Board of Trade: CBT) gained 15.00 on the day for a closing price of 1,139.00

Bond Market:
2 year bond gained 15/32 on the day for a closing price of 101 13/32 with a Yield of 1.62, Yield Change -0.26
5 year bond gained 23 on the day for a closing price of 102 30/32 with a Yield of 2.48, Yield Change -0.16
10 year bond gained 29/32 on the day for a closing price of 105 4/32 with a Yield of 3.38, Yield Change -0.11
30 year bond gained 23/32 on the day for a closing price of 107 14/32 with a Yield of 4.06, Yield Change -0.04

Thanks for reading
Millennium-Traders.Com