Stock Market Commentary for 3/14/08

Thursday presented us with a wild ride on Wall Street. Initially the DJIA fell 234 points, and the Nasdaq Composite fell even more on a percentage basis, giving up all of the gains from the recent Fed intervention. Then the DJIA climbed 339 points to a reading of +115. Finally, it fell back 80 points to close at a positive 35.50. The initial fall came on news that the Amsterdam-based Carlyle Group mortgage investment trust was insolvent and would flood the real estate market with still more foreclosures. News of the dollar hitting new lows and the associated rising commodity prices was also a factor.

Altogether, however, the market action in testing lows was healthy. Mining stocks and mineral refiners became hot sectors. Our Viable Acquisitions Index soared to a reading of 150 in the green safety zone for Friday from Wednesday's reading of 90. Equity futures are also strongly positive for Friday's open. We may indeed be rising out of the mire of the past several months.

Best wishes, GH

The HHI Index for Friday, March 14, 2008 is as follows:

+6 (strong buy) — ILDS.PK, MXFD.OB, XIDE, /

+5 (buy) — COINW, COINZ, VLNC, MTL, BZP, TGB, CMD, OFG, CALM, AEM, CMP, /

+$ () — COIN, SWC, JRCC, STEN, MRCMF.PK, GENC, KNM, GBN, KGC, BUCY, HSVLY, AUY, STLD, EOG, BVN, AKS, EXAC, POT, /

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

• Today's Bible Reflection: Encouragement #23
• Yesterday's Stock Market Commentary
• Yesterday's Bible Reflection: Encouragement #22
• 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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