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Warren Buffett

Discussion in 'Forex Daily News & Outlook' started by MTnews, Jun 25, 2008.

  1. MTnews

    MTnews Content Contributor

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    Daily Market Commentary for June 25, 2008 from Millennium-Traders.Com

    Per Warren Buffett today: the U.S. is in middle of Stagflation! So, what really is 'stagflation'? (read more)

    At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the world market as well as the emerging markets including the stock market closing price:

    DOW (Dow Jones Industrial Average) gain of 6.27 points on the day to end the trading session at 11,813.70
    NYSE (New York Stock Exchange) gain of 62.46 points to end the trading session at 8,865.80
    NASDAQ gain of 32.98 points to end the trading session at 2,401.26
    S&P 500 gain of 7.79 points to end the trading session at 1,322.08
    FTSE All-World ex-U.S. gain of 2.21 points to end the trading session at 236.86
    FTSE RAFI 1000 gain of 34.90 points to end the trading session at 5,173.16
    BEL 20 (BEL20) gain of 43.11 points to end the trading session at 3,361.65
    CAC 40 (CAC40) gain of 62.53 points to end the trading session at 4,536.29
    FTSE100 (UKX100) gain of 31.4 points to end the trading session at 5,666.1
    NIKKEI 225 (NIK/O) loss of 19.64 points to end the trading session at 13,829.92

    Market trends on the New York Stock Exchange (NYSE) today: advanced stocks 2,183; declined stocks 985; unchanged stocks 97; stocks hitting new highs 23; stocks hitting new lows 112. List of volatile stocks 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: Arch Coal Incorporated (NYSE: ACI) shed 2.80 points on the trading session, high on the trading session $73.48, low on the trading session $67.80 for a closing stock price at $70.01; Ultrashort Financial (NYSE: SKF) shed 1.15 points on the trading session, high on the trading session $137.75, low on the trading session $128.50 for a closing stock price at $136.50; Lindsay Corporation (NYSE: LNN) shed 8.29 points on the trading session, high on the trading session $99.00, low on the trading session $85.37 for a closing stock price at $91.05; Intrepid Potash Incorporated (NYSE: IPI) shed 0.58 points on the trading session, high on the trading session $68.97, low on the trading session $61.56 for a closing stock price at $67.63; Ashland Incorporated (NYSE: ASH) gained 4.46 points on the trading session, high on the trading session $53.23, low on the trading session $49.48 for a closing stock price at $52.67; Jabil Circuit Incorporated (NYSE: JBL) gained 2.24 points on the trading session, high on the trading session $17.05, low on the trading session $15.75 for a closing stock price at $16.57; ITT Educational Services Incorporated (NYSE: ESI) gained 0.51 points on the trading session, high on the trading session $86.00, low on the trading session $81.27 for a closing stock price at $85.65; Petroleo Brasileiro SA (NYSE: PBR) gained 2.69 points on the trading session, high on the trading session $69.37, low on the trading session $64.89 for a closing stock price at $68.83; Mosaic Company (NYSE: MOS) gained 2.58 points on the trading session, high on the trading session $147.86, low on the trading session $138.60 for a closing stock price at $145.56; CME Group Incorporated (NYSE: CME) shed 6.19 points on the trading session, high on the trading session $439.99, low on the trading session $425.20 for a closing stock price at $427.56; Monsanto Company (NYSE: MON) shed 4.27 points on the trading session, high on the trading session $134.88, low on the trading session $126.31 for a closing stock price at $131.52; Potash Corporation Saskatchewan (NYSE: POT) shed 5.77 points on the trading session, high on the trading session $227.30, low on the trading session $218.00 for a closing stock price at $221.58.

    Market trends on the NASDAQ today: advanced stocks 1.845; declined stocks 1,061; unchanged stocks 138; stocks hitting new highs 23; stocks hitting new lows 193. List of volatile stocks 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: Sonic Corporation (NasdaqGS: SONC) shed 1.56 points on the trading session, high on the trading session $15.90, low on the trading session $14.40 for a closing stock price at $14.94; Apollo Group Incorporated (NasdaqGS: APOL) shed 3.06 points on the trading session, high on the trading session $51.19, low on the trading session $48.47 for a closing stock price at $49.76; Apogee Enterprises Incorporated (NasdaqGS: APOG) shed 3.85 points on the trading session, high on the trading session $19.45, low on the trading session $17.85 for a closing stock price at $18.31; Silicon Laboratories Incorporated (NasdaqGS: SLAB) gained 2.38 points on the trading session, high on the trading session $39.23, low on the trading session $37.00 for a closing stock price at $38.22; Baidu.com Incorporated (NasdaqGS: BIDU) gained 23.37 points on the trading session, high on the trading session $333.07, low on the trading session $311.02 for a closing stock price at $330.09; First Solar Incorporated (NasdaqGS: FSLR) gained 1.91 points on the trading session, high on the trading session $292.23, low on the trading session $281.44 for a closing stock price at $290.13.

    Market trends on the American Stock Exchange (AMEX) today: advanced stocks 669; declined stocks 524; unchanged stocks 93; stocks hitting new highs 8; stocks hitting new lows 52.

    U.S. May New Home Sales fell 2.5% to 512,000 as compared to consensus of 510,000 and U.S. April New Home Sales revised to 525,000 from 526,000.

    U.S. May Durable Goods Orders unchanged %as compared to consensus of a drop by 0.5%; May Durable Goods Orders, Excluding-Transportation fell 0.9%; May Durable Goods Orders, Excluding-Defense fell 0.6%; April Durable Goods Orders revised to a drop by 1.0% from a drop by 0.6%.

    Energy Information Administration comments today: Oil price may be on path to hit $186 Barrel in 2030; Non-OECD Energy use to rise 85% in 2030 versus 2005; Global Energy use to rise 50% by 2030 from 2005 level.

    Federal Open Market Committee released their decision on interest rates today ending their two day meeting: Fed leaves Fed Funds Rate unchanged at 2.00%; inflation risks are up; Fed leaves Discount Rate unchanged at 2.25%; Fed expects inflation to moderate later this year; some indicators of inflation expectations elevated; uncertainty over inflation outlook is high; economic activity continues to expand; labor markets have softened further; financial markets under 'considerable' stress; downside risks to growth remain, but diminished; upside risks to inflation have increased; tight credit, housing contraction, energy to weigh on growth; Fed Members Voted 9-1 for Fed Funds Rate action; Richard W. Fisher President Federal Reserve Bank of Dallas dissented and preferred a rate increase.

    Chicago Board of Trade Futures Market activity for the day, September 2008 Contracts:

    E-mini S&P 500 (ES) end of day price 1346.50, change 7.75

    E-mini NASDAQ-100 (NQ) end of day price 1991.75, change 30.25

    E-mini S&P SmallCap 600 (SMP) end of day price 389.70, change 2.70

    $5 DJIA (YM) end of day price 12,091, change 63

    World Currencies at time of this posting:

    Euro 0.6420 to U.S. Dollars 1.5576

    Japanese Yen 108.23 to U.S. Dollars 0.0092

    British Pound 0.5080 to U.S. Dollars 1.9685

    Canadian Dollar 1.0129 to U.S. Dollars 0.9873

    Swiss Franc 1.0413 to U.S. Dollars 0.9603

    Commodities Markets:

    Energy Sector: Light Crude (NYM) N/A; Heating Oil (NYM) shed $0.07 on the day for a closing price of $3.77 a gallon ($US per gal.); Natural Gas (NYM) shed $0.26 on the day for a closing price of $12.87 per million BTU ($US per mmbtu.); Unleaded Gas (NYM) gained $0.07 on the day for a closing price of $3.39 a gallon ($US per gal.).

    Metals Markets: Gold Market Price (CMX) shed $9.30 on the day for a closing price of $882.30 ($US per Troy oz.); Silver (CMX) shed $0.13 on the day for a closing price of $16.61 ($US per Troy oz.); Platinum (NYM) shed $22.50 on the day for a closing price of $2,009.00 ($US per Troy oz.) and Copper (CMX) shed $0.01 on the day for a closing price of $3.77 ($US per lb.).

    Livestock and Meat Markets (cents per lb.): Lean Hogs (CME) shed 1.90 on the day for a closing price of 74.00; Pork Bellies (CME) shed 2.23 on the day for a closing price of 71.50; Live Cattle (CME) shed 0.28 on the day for a closing price of 104.40; Feeder Cattle (CME) shed 0.93 on the day for a closing price of 112.55.

    Other Commodities (cents per bu.): Corn (CBT) gained 17.50 on the day for a closing price of 765.5000and Soybeans (CBT) gained 34.00 on the day for a closing price of 1,525.00.

    Bond action for the day: 2 year bond had no change on the day for a closing price of 100 3/32 with a Yield of 2.82, Yield Change -0.03; 5 year bond gained 2/32 on the day for a closing price of 99 27/32 with a Yield of 3.52, Yield Change -0.02; 10 year bond shed 12/32 on the day for a closing price of 97 23/32 with a Yield of 4.10, Yield Change 0.00; the 30 year bond had no change on the day for a closing price of 95 17/32 with a Yield of 4.65, Yield Change 0.00.

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