JAL Thoughted

Financial Journal for September 5 2008

Index: 8/29 Close; 9/5 Close; Change;

DJIA: 11,543.55; 11,220.96; -2.795%

NASDAQ: 2,367.52; 2,255.88; -4.715%

S&P: 1,282.38; 1,242.31; -3.159%

Market Movers:

1. Concern for health of economy pulls the Dow down 3% in one day
2. Beige book report is released
3. Oil moves down
4. Hurricane Gustav

Important Market Development Summaries:

New York Times (Sept. 2, 2008)

• Dow Jones moves more than 200 points after decline in oil prices
• Oil prices sink as Hurricane Gustav causes less damage than initially thought

Wall Street Journal (Sept. 4, 2008)

• Fed’s Beige Book reports slowing consumer spending worrying the market because it has not declined on “quarterly basis since 1990-91.”

CNNMoney.com (Sept. 5, 2008)

• Jobless rate soars to 6.1% at 605,000 job losses for 2008, highest in five years.