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Daily Market Commentary for October 6, 2008 from Millennium-Traders.Com

Today, the DOW looked as though it was in a race to see just how fast it could dive to new historical depths in excess of 800 points around 2:30 pm Eastern Time. (read more)

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Economic data released today: n/a

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 369.88 points on the day to end the trading session at 9,955.50

NYSE (New York Stock Exchange) triple digit loss of 334.03 points to end the trading session at 6,779.43

National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 84.00 points to end the trading session at 1,862.01

S&P 500 loss of 42.34 points to end the trading session at 1,56.89

FTSE All-World excluding U.S. loss of 11.43 points to end the trading session at 174.51

FTSE RAFI 1000 triple digit loss of 175.71 points to end the trading session at 4,202.90

BEL 20 (BEL20) triple digit loss of 189.42 points to end the trading session at 2,567.59

CAC 40 (CAC40) triple digit loss of 368.77 points to end the trading session at 3,711.98

FTSE100 (UKX100) triple digit loss of 391.06 points to end the trading session at 4,589.19

NIKKEI 225 (NIK/O) session closed

New York Stock Exchange (NYSE) stock market indicators for the day:

Advanced stock prices 246 declined stock prices 3,039; unchanged stock prices 20; stock prices hitting new highs 2 and stock prices hitting new lows 1,664.

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: United States Steel Corporation (NYSE: X) stock price shed 3.88 points on the trading session, high on the trading session $60.47, low on the trading session $52.06 with a closing stock price at $59.62; Citigroup Incorporated  (NYSE: C) stock price shed 0.94 points on the trading session, high on the trading session $18.12, low on the trading session $16.10 with a closing stock price at $17.41; State Street Corporation (NYSE: STT) stock price shed 4.96 points on the trading session, high on the trading session $48.37, low on the trading session $36.69 with a closing stock price at $42.00; General Growth Properties Incorporated (NYSE: GGP) stock price shed 1.92 points on the trading session, high on the trading session $10.00, low on the trading session $7.24 with a closing stock price at $7.75; Hess Corporation (NYSE: HES) stock price gained 0.25 points on the trading session, high on the trading session $72.25, low on the trading session $60.27 with a closing stock price at $72.25; Honeywell International Incorporated  (NYSE: HON) stock price shed 1.92 points on the trading session, high on the trading session $36.97, low on the trading session $34.66 with a closing stock price at $35.92; Flowserve Corporation (NYSE: FLS) stock price shed 4.39 points on the trading session, high on the trading session $69.95, low on the trading session $58.77 with a closing stock price at $67.81; Sempra Energy (NYSE: SRE) stock price shed 3.83 points on the trading session, high on the trading session $49.14, low on the trading session $43.65 with a closing stock price at $45.54; Nucor Corporation (NYSE: NUE) stock price shed 1.01 points on the trading session, high on the trading session $34.31, low on the trading session $28.97 with a closing stock price at $33.74; Walter Industries Incorporated (NYSE: WLT) stock price shed 0.04 points on the trading session, high on the trading session $37.46, low on the trading session $28.23 with a closing stock price at $36.44; CNOOC Limited (NYSE: CEO) stock price shed 8.40 points on the trading session, high on the trading session $96.93, low on the trading session $88.63 with a closing stock price at $96.28.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:

Advanced stock prices 453; declined stock prices 2,608; unchanged stock prices 65; stock prices hitting new highs 6; stock prices hitting new lows 1,117.

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: Apple Incorporated (NasdaqGS: AAPL) stock price gained 0.30 points on the trading session, high on the trading session $98.78, low on the trading session $87.54 with a closing stock price at $97.35; OSI Pharmaceuticals Incorporated (NasdaqGS: OSIP) stock price shed 6.44 points on the trading session, high on the trading session $40.41, low on the trading session $36.46 with a closing stock price at $39.40; Baidu.com Incorporated (NasdaqGS: BIDU) stock price gained 5.31 points on the trading session, high on the trading session $227.70, low on the trading session $203.76 with a closing stock price at $227.68; Vignette Corporation (NasdaqGS: VIGN) stock price shed 0.49 points on the trading session, high on the trading session $9.53, low on the trading session $9.00 with a closing stock price at $9.35; Intuitive Surgical Incorporated (NasdaqGS: ISRG) stock price shed 28.58 points on the trading session, high on the trading session $216.95, low on the trading session $186.55 with a closing stock price at $197.12; Google Incorporated (NasdaqGS: GOOG) stock price shed 17.15 points on the trading session, high on the trading session $375.99, low on the trading session $357.16 with a closing stock price at $369.76; First Solar Incorporated  (NasdaqGS: FSLR) stock price shed 6.19 points on the trading session, high on the trading session $161.85, low on the trading session $134.50 with a closing stock price at $157.00.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:

Advanced stock prices 163; declined stock prices 1,160; unchanged stock prices 41; stock prices hitting new highs 40; stock prices hitting new lows 701.

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 1,050.75 change -2.50

E-mini NASDAQ-100 (NQ) end of day price 1,408.50, change -2.00

E-mini S&P SmallCap 600 (SMP) end of day price 319.40, change 0.00

$5 DJIA (YM) end of day price 9,942 change -24

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:

Euro 0.7392 to U.S. Dollars 1.3528

Japanese Yen 101.79 to U.S. Dollars 0.0098

British Pound 0.5733 to U.S. Dollars 1.7444

Canadian Dollar 1.1001 to U.S. Dollars 0.9090

Swiss Franc 1.1461 to U.S. Dollars 0.8725

Commodity Markets:

Energy Sector: Light Crude (NYMEX: NYM) shed $6.07 on the day for a closing price of $87.81 a barrel ($US per barrel)

Heating Oil (NYMEX: NYM) shed $0.19 on the day for a closing price of $2.47 a gallon ($US per gallon)

Natural Gas (NYMEX: NYM) shed $0.52 on the day for a closing price of $6.84 per million BTU ($US per mmbtu.)

Unleaded Gas (NYMEX: NYM) shed $0.17 on the day for a closing price of $2.06 a gallon ($US per gallon)

Metals Markets:

Gold Market Price (COMEX: CMX) gained $33.00 on the day for a closing price of $866.20 ($US per Troy ounce)

Silver (COMEX: CMX) shed $0.04 on the day for a closing price of $11.29 ($US per Troy ounce)

Platinum (NYMEX: NYM) gained $20.70 on the day for a closing
price of $986.50 ($US per Troy ounce)

Copper (COMEX: CMX) shed $0.20 on the day for a closing price of $2.49 ($US per pound)

Livestock and Meat Markets (cents per lb.):

Lean Hogs (Chicago Mercantile Exchange: CME) gained  0.05 on the day for a closing price of 66.48

Pork Bellies (Chicago Mercantile Exchange: CME) shed 1.05 on the day for a closing price of 93.05

Live Cattle (Chicago Mercantile Exchange: CME) shed 3.00 on the day for a closing price of 94.78

Feeder Cattle (Chicago Mercantile Exchange: CME) shed 3.00 on the day for a closing price of 97.80

Other Commodities (cents per bushel):

Corn (Chicago Board of Trade: CBT) shed 30.00 on the day for a closing price of 424.00

Soybeans (Chicago Board of Trade: CBT) shed 70.00 on the day for a closing price of 922.00

Bond Market:

2 year bond gained 13/32 on the day for a closing price of 101 2/32 with a Yield of 1.44, Yield Change -0.21

5 year bond gained 1 on the day for a closing price of 103 4/32 with a Yield of 2.45, Yield Change -0.21

10 year bond gained 1 6/32 on the day for a closing price of 104 13/32 with a Yield of 3.46, Yield Change -0.14

30 year bond gained 2 7/32 on the day for a closing price of 108 30/32 with a Yield of 3.98, Yield Change -0.12

Thanks for reading

Millennium-Traders.Com

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Everyone in the world would do well to know how to prevent deforestation. The profound effects of deforestation on the world are getting increasingly worse. More and more natural disasters are occurring every year, in all parts of the world. The tsunami in Phuket, the disastrous, devastating effects of Hurricane Katrina, and dozens of other disasters have left the communities they touch in ruins. Not so long ago, it seemed like we only needed to worry about deforestation in the rain forest. Now, however, it is occurring in every imaginable location. Trees and vegetation are being destroyed to make room for housing and businesses. The far reaching implications of this occurrence are almost too horrible to even consider – but we must, for the sake of our environment.

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Those who farm the land should consider crop rotation. These means planting new crops in the plot of land from which other crops have recently been harvested. That way, new plots of land need not be used. Crop rotation actually makes for more fertile soil as well.

Sometimes, trees do have to be cut down. However, only mature trees should be cut. Saplings should be left to grow and thrive. It is also an excellent practice to make up for every tree cut down by planting a new tree.

Whenever possible, firewood should not be used to heat the house. Rather, coals are a much more environmentally safe alternative. Firewood is consumed in just a few hours. However, the tree which produced that wood took years to grow to maturity. Conversely, coals can burn for quite a while. They will not only keep the house warmer, they will also be safer for the environment and monumental in preventing deforestation.

Trees have long been a valuable resource. They provide food, oxygen, shade, and beauty. However, although with more and more animals and natural resources every year, they are in danger of disappearing altogether.

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