Stock Market Commentary for 3/10/08

Friday was yet another down day for US equities, with the DJIA losing 147 points. The S&P financial sector was down 6% for the week, and Friday's jobs report showed a one-month decline in US employment at a level not seen since 2003. Crude oil prices rose to over 106 dollars per barrel. Our own Viable Acquisitions Index has fallen to a reading of 70, which is well down into the yellow cautionary zone for Monday. Equity futures are also presently in negative territory for Monday's open. Several of our leading stocks suffered losses on Friday, including a drop of nearly 12% in COIN.

Some bulletin board and microcap stocks have provided a temporary refuge in that they have negative or zero betas and do not move in tandem with the general market. ILDS.PK and MXFD.OB are examples that are still only 3% and 6% off their 52-week highs. In spite of this horrific downturn, the average stock in the current HHI Index has multiplied in value more than 10 times over the past 52 weeks.

Best wishes, GH

The HHI Index for Monday, March 10, 2008 is as follows:

+6 (strong buy) — ILDS.PK, /

+5 (buy) — COINW, COINZ, MXFD.OB, JRCC, /

+4 (hold) — COIN, STEN, SWC, VISN, GENC, SATS, XTLB, MTL, RIGL, BZP, AKS, /

Daily Stock Market Commentary is accompanied by a daily Bible Reflection.

• Today's Bible Reflection: Encouragement #21
• Yesterday's Stock Market Commentary
• Yesterday's Bible Reflection: Encouragement #20
• What is the HHI Index?

_{The HHI Index is a list of stock ratings derived from a proprietary computer model and are being shared as a public service with no guarantee of or responsibility for trading success. Readers are strongly encouraged to do their own research and to exercise caution in all trading activity. Click here for an explanation of the HHI Index.}

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