Crude Oil futures finished the up $10.75, or 8.8%, at $138.54 after a government official in Israel said would have to attack Iran if diplomatic efforts failed to halt Iran's nuclear bomb program. Today Israeli officials dismissed Transportation Minister Shaul Mofaz's threat of military action against Iran, stressing that the hawkish remarks do not represent Israel's policy.
The US unemployment rate gained half a percentage point to 5.5% in May, its highest level since October 2004 and biggest one-month increase in 22 years.
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Market Statistics for 06/8/08
S&P500 More S&P 500 Charts
(Using Intraday prices):
Last Market High | 10/11/07 | at | 1,576.09 |
Last Market low | 03/17/08 | at | 1,256.98 |
Current S&P500 Price | 1,360.68 | ||
Decline in Pts | 215.41 | ||
Decline in % | 13.7% | ||
Max Decline | 20.2% |
This means the correction from high to low has been 20.2% and the S&P500 is currently 13.7% off the peak.
The MAX decline in the S&P500 off the high on a closing basis has been 18.6%
The MAX decline in the S&P500 off the high on a closing basis has been 18.6%
DJIA
More DJIA Charts
(Using Intraday prices):
Last Market High | 10/11/07 | at | 14,279.96 |
Last Market Low | 01/22/08 | at | 11,508.74 |
Current DJIA Price | 12,209.81 | ||
Decline in Pts | 2070.15 | ||
Decline in % | 14.5% | ||
Max Decline | 19.4% |
This means the correction from high to low has been 19.4% and the DJIA is currently 14.5% off the peak.
The decline in the DOW off the high on a closing basis has been 17.1%
NASDAQ:
More NASDAQ Charts(Using Intraday prices):
Last Market High | 10/31/07 | at | 2,861.51 |
Last Market Low | 03/17/08 | at | 2,155.42 |
Current NASDAQ Price | 2,474.56 | ||
Decline in Pts | 386.95 | ||
Decline in % | 13.5% | ||
Max Decline | 24.7% |
This means the correction from high to low has been 24.7% and the NASDAQ Composite is currently 13.5% off the peak.
The decline in the NASDAQ off the high on a closing basis has been 24.1%
For more of my recent articles, see:
- The DJIA Priced in Ounces of Gold
. - Chart of US Dollar vs Oil Prices vs S&P500
. - CNBC Bonus Bucks Trivia Answers: Week 4
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Fixed Income (6/1/08 update)
- US Treasury Rates: 3-month = 1.89% & 30-Yr = 4.72% More US Treasury Rates
- Best CD Rates: (Updated once a month or more often)
- 1-yr 3.95% @ E-Loan
- 2-yrs 4.10% @ GMAC Bank
- 3-yrs 4.25% @ E-Loan
- 5-yrs 4.81% @ Discover Bank and
4.75% @ Capital One Bank & Wachovia Bank
- 7-yrs 4.60% @ PenFed CU
- Vanguard Money Market Rates: Prime=2.25%; Tax Free=1.84%
My Returns 1/1/1999 through 05/31/08
My "70:30 Explore Portfolio" was up 198.7% or 12.3% compound annual return.
- $100,000 invested 1/1/99 became $298,674
- Subscribe TODAY and get the June 2008 issue for FREE!
- $100,000 invested 1/1/99 became $172,470
- $100,000 invested 1/1/99 became $172,261
- $100,000 invested 1/1/99 became $131,745
- $100,000 invested 1/1/99 became $138,784
To find out how I've profited greatly from these difficult market conditions over the past decade, subscribe to "Kirk Lindstrom's Investment Newsletter" today!