Closing Market Report 11/8/2012

The KUIK Closing Market Report for Thursday, November 8:
Markets had another down day.
Direction Change Units  Last Time Change
Dow Down                   (121) points             12,811 1:40 PM
S&P500 Down -1.2% percent               1,378       (17.02) points
Nasdaq Composite Down -1.4% percent               2,896       (41.71) points
30 Year Treasury Down                      (5) Basis Points               2.77 Annual Yield
Standard & Poor’s said there’s a 15% chance the U.S. will go over the fiscal cliff, triggering tax hikes and spending cuts. Because  neither party has a majority with which to push through an agenda the chance the U.S. economy will go over the fiscal cliff is increasing, although today it is only to about 15%.
Serving the West Side first I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/sp-says-15-chance-us-to-fall-over-fiscal-cliff-2012-11-08?link=MW_Nav_EP
For today’s Closing   Market Report click to listen-> https://beaconrwa.com/audio/Closing-Market-Report.mp3
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