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Today was another day of strong selling, led by financial stocks and by earnings more than anything major. On last look oil was up more than $1.00 to almost $125.00 per barrel. Today is a reminder that a low valuation alone is not a reason to buy.

Here are today's unofficial closing bell levels:

DJIA 11131.56 (-239.13)
S&P500 1234.75 (-23.01)
NASDAQ 2264.22 (-46.31)
10YR T-NOTE 4.018 (-0.093%)
52-WEEK LOWS (huge list)
TOP ANALYST UPGRADES
TOP ANALYST DOWNGRADES

Kraft Foods Inc. (NYSE: KFT) managed to show its first substantial earnings beat. It also raised guidance on planned price hikes. Shares were up 5.5% in today's final minutes at $31.00.

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Closing Bell: Bulls feel pretty roughed up originally appeared on BloggingStocks on Mon, 28 Jul 2008 16:15:00 EST. Please see our terms for use of feeds.

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