Neel Kashkari

Daily Market Commentary for November 19, 2008 from Millennium-Traders.Com

Interim Assistant Secretary Neel Kashkari Remarks on Implementation of the Emergency Economic Stabilization Act: (read more)

Economic data released today:

Consumer Price Index:
U.S. October Consumer Prices fell 1.0 percent as compared to consensus of a drop by 0.8 percent; U.S. October CPI Excluding-Food & Energy fell 0.1 percent as compared to consensus of an increase by 0.1 percent; U.S. October CPI Unrounded fell 0.961 percent; U.S. October CPI Core fell 0.071 percent; U.S. October CPI Energy Prices fell 8.6 percent; U.S. October CPI Food Prices increased by 0.3 percent; U.S. Real Average Weekly Earnings increased by 1.4 percent during October.

Housing Starts:
U.S. October Housing Starts fell 4.5 percent to 791,000 as compared to consensus of a drop by 4.7 percent; Building Permits fell 12.0 percent to 708,000 Rate in October; September Housing Starts Revised to a drop by 3.0 percent from a drop by 6.3 percent.

FOMC Minutes:
FOMC Minutes Signal Fed open to more rate cuts; Economy to contract in second half 2008, first half 2009; Inflation likely to diminish in coming quarters.

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 427.55 points to end the trading session at 7,997.20
NYSE (New York Stock Exchange) triple digit loss of 353.66 points to end the trading session at 5,012.00
National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 96.85 points to end the trading session at 1,386.42
S&P 500 (SPX) loss of 52.49 points to end the trading session at 806.63
FTSE All-World Index data excluding U.S. (AW01UK) loss of 5.78 points to end the trading session at 132.71
FTSE RAFI 1000 triple digit loss of 203.75 points to end the trading session at 3,065.85
BEL 20 (BEL20) loss of 85.66 points to end the trading session at 1,945.30
CAC 40 (CAC40) triple digit loss of 129.51 points to end the trading session at 3,087.89
FTSE100 (UKX100) triple digit loss of 203.75 points to end the trading session at 4,005.68
NIKKEI 225 (NIK/O) loss of 55.19 points to end the trading session at 8,273.22

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 214, declined stock prices 3,000; unchanged stock prices 39; stock prices hitting new highs 3 and stock prices hitting new lows 849. 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: Best Buy Company Incorporated (NYSE: BBY) stock price shed 2.39 points on the trading session, high on the trading session $20.54, low on the trading session $17.52 with a closing stock price at $18.58; Philips-Van Heusen Corporation (NYSE: PVH) stock price shed 0.51 points on the trading session, high on the trading session $18.10, low on the trading session $15.00 with a closing stock price at $15.00; Genesco Incorporated (NYSE: GCO) stock price shed 6.22 points on the trading session, high on the trading session $15.99, low on the trading session $10.80 with a closing stock price at $11.40; Royal Caribbean Cruises Limited (NYSE: RCL) stock price shed 1.65 points on the trading session, high on the trading session $9.45, low on the trading session $7.78 with a closing stock price at $7.85; Ultrashort Financial ProShares Corporation (NYSE: SKF) stock price gained 39.24 points on the trading session, high on the trading session $226.45, low on the trading session $186.31 with a closing stock price at $222.83; Goldman Sachs Group Incorporated (NYSE: GS) stock price shed 6.85 points on the trading session, high on the trading session $63.45, low on the trading session $54.54 with a closing stock price at $55.18; Sunoco Incorporated (NYSE: SUN) stock price shed 4.83 points on the trading session, high on the trading session $36.14, low on the trading session $32.00 with a closing stock price at $33.20; ProShares UltraShort MidCap400 (NYSE: MZZ) stock price gained 17.15 points on the trading session, high on the trading session $131.33, low on the trading session $112.33 with a closing stock price at $131.05; CME Group Incorporated (NYSE: CME) stock price shed 15.58 points on the trading session, high on the trading session $188.44, low on the trading session $170.88 with a closing stock price at $171.33; SL Green Realty Corporation (NYSE: SLG) stock price shed 6.33 points on the trading session, high on the trading session $23.20, low on the trading session $16.22 with a closing stock price at $17.73; Rio Tinto (NYSE: RTP) stock price shed 15.69 points on the trading session, high on the trading session $147.71, low on the trading session $129.90 with a closing stock price at $129.90.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 325; declined stock prices 2,571; unchanged stock prices 101; stock prices hitting new highs 3 stock prices hitting new lows 823. 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: Insteel Industries Incorporated (NasdaqGS: IIIN) stock price gained 0.06 points on the trading session, high on the trading session $8.33, low on the trading session $7.61 with a closing stock price at $7.70; First Solar Incorporated (NasdaqGS: FSLR) stock price shed 8.91 points on the trading session, high on the trading session $107.40, low on the trading session $100.00 with a closing stock price at $101.65; Baidu.com Incorporated (NasdaqGS: BIDU) stock price shed 16.76 points on the trading session, high on the trading session $133.22, low on the trading session $111.00 with a closing stock price at $112.00.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 197; declined stock prices 609; unchanged stock prices 69; stock prices hitting new highs 2 and stock prices hitting new lows 132.

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 trading session price 862.50. 57.75
E-mini NASDAQ-100 (NQ) end of trading session price 1,166.75, -85.75
E-mini DOW $5 (YM) end of trading session price 7,995 -499
E-mini S&P MidCap 400 end of trading session price 451.50, change 8.50
E-mini S&P SmallCap 600 (SMP) end of trading session price 222.40. -18.10

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7989 to U.S. Dollars 1.2517
Japanese Yen 95.790 to U.S. Dollars 0.0104
British Pound 0.6680 to U.S. Dollars 1.4971
Canadian Dollar 1.2536 to U.S. Dollars 0.7977
Swiss Franc 1.2120 to U.S. Dollars 0.8251

Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $0.77 on the trading session for a closing price of $53.62 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) no change on the trading session for a closing price of $1.77 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) gained $0.21 on the trading session for a closing price of $6.81 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) shed $0.03 on the trading session for a closing price of $1.11 a gallon ($US per gallon)

Metals Markets:
Gold Market Price (COMEX: CMX) gained $3.30 on the trading session for a closing price of $736.00 ($US per Troy ounce)
Silver (COMEX: CMX) shed $0.24 on the trading session for a closing price of $9.31 ($US per Troy ounce)
Platinum (NYMEX: NYM) shed $13.30 on the trading session for a closing price of $823.70 ($US per Troy ounce)
Copper (COMEX: CMX) shed $0.06 on the trading session for a closing price of $1.61 ($US per pound)

Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) gained 0.70 on the trading session for a closing price of 62.90
Pork Bellies (Chicago Mercantile Exchange: CME) gained 0.10 on the trading session for a closing price of 84.60
Live Cattle (Chicago Mercantile Exchange: CME) shed 2.45 on the trading session for a closing price of 85.15
Feeder Cattle (Chicago Mercantile Exchange: CME) shed 1.40 on the trading session for a closing price of 89.85

Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) shed 1.00 on the trading session for a closing price of 395.50
Soybeans (Chicago Board of Trade: CBT) shed 4.50 on the trading session for a closing price of 898.00

Bond Market:.
2 year bond gained 4/32 on the trading session for a closing price of 100 26/32 with a Yield of 1.08, Yield Change -0.05
5 year bond gained 21/32 on the trading session for a closing price of 103 16/32 with a Yield of 2.05, Yield Change -0.14
10 year bond gained 1 16/32 on the trading session for a closing price of 103 9/32 with a Yield of 3.35, Yield Change -0.18
30 year bond gained 2 31/32 on the trading session for a closing price of 109 16/32 with a Yield of 3.94, Yield Change -0.16

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